It’s demolition activity which will balance out – eventually – the current tonnage overhang in the tanker market, as it did (coupled with a rise in demand) in the dry bulk market. In its latest weekly report, shipbroker Allied Shipbroking noted t…
Future Earnings of Existing Fleet is Still Dependant on Demolition Activity Read More »
Drewry maintains a positive outlook on the dry bulk market and expects charter rates to improve from current levels, driven by moderate increases in vessel demand and low growth in vessel supply as a result of restrained new ordering and a thin orderbo…
Capesize charter rates expected to keep increasing despite trade war uncertainties Read More »
Sembcorp Marine has won its biggest green technology retrofits contract to date, awarded by Maran Tankers for the installation of marine scrubbers and ballast water management systems on 13 of the Greek owner’s vessels. Under the contract, four suezmax…
The issue of tonnage oversupply is still not dealt with adequately, especially in segments like tankers. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the markets from Bangladesh and Pakistan appear to have taken some time t…
Demolition Market Still Not Quite Active Read More »
It is rare that a fuel specification change could disrupt the oil value chain, but the International Maritime Organisation’s (IMO) planned change to bunker fuel regulation may do just that. The IMO, the United Nations’ body responsible for the safety a…
IMO 2020: mayhem or opportunity for the refining and marine sectors? Read More »