During the European Shipping Week 2020, shipowners organised an event as part of their ratification campaign of the 2010 International Convention on Liability and Compensation for Damage in connection with the Carriage of Hazardous and Noxious Substanc…
Ratification of HNS Convention is a matter of urgency Read More »
The Capesize market has long been in negative territory, leaving ship owners with older ships in their “arsenal” with little no options. As such, over the course of the past few weeks, there’s been a wave of sales for demolition. In its latest we…
Capesizes Sold for Scrap Increase In Numbers Read More »
The Bahamas Maritime Authority (BMA) has outlined its goals for the next 12 months, with quality growth, partnership, sustainability and the effective use of technology sitting at the top of its agenda. Outlining his 2020 message to the industry, Capta…
Middle distillates tank One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulations is the weakness we have seen in the middle distillate market. Expectations were that we would see a large…
The surprising move in marine fuel spreads Read More »
Ship owners have refrained from newbuilding ordering activity this past week, but they’ve been rather active in the S&P market. In its latest weekly report, shipbroker Banchero Costa said that it was “fairly active in the second hand market. In the…
Newbuilding Activity Tumbles Down, But S&P Market Rather Active Read More »