Things are heating up in the crude tanker market with VLCCs reaping the benefits so far. In its latest weekly report, shipbroker Charles R. Weber said that “last week’s influx of USG inquiry buoyed rates across the globe on the VLCC sector, as eastboun…
VLCC Owners Holding Out For Further Rate Increases Read More »
Implementation of the IMO’s 0.50% sulphur limit for fuel oil is presenting one of the most significant challenges to all stakeholders in the marine fuel oil market – from producer to user. The transition period has started; decisions must be made, and …
Compliant fuel or scrubbers? Pick the right 2020 transition strategy Read More »
The International Maritime Organisation’s (IMO) major change limiting the airborne sulfur dioxide emissions from international shipping is now less than a year away. On 1 January 2020, the sulfur dioxide emission standard tightens to limit the emission…
Uncertainty Shrouds IMO 2020’s Impact Read More »
New solution incorporates National Institute of Standards and Technology Cyber Security Framework (NIST CSF). ABS Advanced Solutions announced a first-of-its-kind cyber security solution to aid regulated maritime facilities in complying with US Coast G…
ABS Answers USCG Call for Port Cyber Security Read More »
U.S. President Donald Trump has warned OPEC not to tighten the oil market too much and risk another spike in prices that could harm the global economy – and his re-election campaign in 2020.“Oil prices getting too high,” the president warned in a messa…
Trump Warns Saudi Arabia on Oil Prices Read More »