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Finance & Markets

Tankers: VLCCs Moving Higher

Clean LR2 The TC1 75kt MEG/Japan index ticked up early this week by 14 points to WS522 where it currently has been for 3 days.

  • Tanker rates remain high despite Strait of Hormuz potential reopening
  • East Coast Mexico/US Gulf route rates drop further
  • Transatlantic route from US Gulf to UK Continent sees significant plunge

Tech

Air-con not needed to cool a building

Alternative cooling technologies can reduce a building’s energy use for cooling by up to 48 per cent.

  • Alternative cooling methods reduce energy use by up to 48%
  • Hybrid cooling combines air conditioning with fans
  • Passive displacement cooling uses ceiling coils to lower air temperature
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