Following our earlier insight on contaminated bunkers, we now focus on the bunker supplier and the supply contract. Before looking at these in more detail, however, we briefly summarize the situation at present. No new developments Little or no headway…
Contaminated bunkers: protecting the purchaser Read More »
Ship owners have gone back to the scrapyards over the past couple of weeks, selling more overaged tonnage, in a bid to compensate for the newbuildings entering the global fleet in an already overburdened market. In its latest weekly report, Clarkson Pl…
Demolition Activity Returns to Growth Mode Read More »
A remarkable maritime event occurred recently. China became the world’s second-largest shipowning country, overtaking Japan. The top shipowner, Greece, is still much larger but the gap is closing as China’s fleet expansion continues at a rapid rate. Nu…
China-owned fleet becomes world’s second largest Read More »
Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely to dwarf it all, as the US has proposed slamming tariffs on goods worth USD 200 billion. The tariffed go…
Shipping Is Increasingly Caught In The Trade War Line Of Crossfire Read More »
VLCC tanker owners – at least some of them – seemed to breathe a sigh of relief over the course of the past week, but questions regarding the long-term prospects of the market, still linger. In its latest weekly report, Affinity Research said that “the…
A sigh of relief for VLCCs: Temporary or Not? Read More »