Ship owners and more specifically tanker owners have been tasked with yet another twist, in their efforts to trade their vessels, after the latest developments in the Strait of Hormuz. In its latest weekly report, shipbroker Allied Shipbroking said tha…
Hormuz Strait Tensions, a Nightmare Scenario for Shipping Read More »
April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally. This was because exports to Asia dropped to 3.7 million tonnes from 5.5 million t…
Tonne Miles From US Crude Oil Exports Drop Dramatically In April Read More »
New requirements for ships to cut sulphur oxide emissions enter into effect on 1 January 2020, marking a sea change in fuel used by ships, globally, which will significantly reduce air pollution from ships with positive benefits for human health and th…
It’s no secret that 2019 hasn’t proven to be the landmark year that many had hoped, with regards to the ship recycling activity. With freight rates reeling under the trade wars’ pressure and an increase in tonnage supply, it was regar…
Ship Recycling On A Steadily Declining Path, Spells Bad News For Ship Owners Read More »
The impact of the upcoming IMO 2020 regulations on the shipping and refining industries is well understood. And we know that an increase in freight rates for raw materials such as iron ore and coal will likely translate to higher costs for the steel se…
Beyond bunkers: The surprising impact of IMO 2020 Read More »