BIMCO’s Documentary Committee has agreed a new standard Cyber Security Clause that requires the parties to implement cyber security procedures and systems, to help reduce the risk of an incident and mitigate the consequences should a security breach oc…
New Cyber Security Clause From BIMCO Read More »
While 2019 has proven to be quite a lackluster year for newbuilding orders, some sectors have managed to excel, with the most promiment example being the LNG shipping segment, but also the dry bulk one. In its latest weekly report, shipbroker Banchero …
LNG Newbuildings The “Darlings” of the Market Read More »
The International Maritime Organization (IMO) has approved and adopted a comprehensive set of guidance and guidelines to support the consistent implementation of the lower 0.50% limit on sulphur in ships’ fuel oil, which will enter into effect from 1 J…
Sulphur 2020 implementation – IMO issues additional guidance Read More »
What the Marine Environment Protection Committee (MEPC) and the working group accomplished last week, was to finalise and agree on a set of procedures for assessment of impact on states from the proposed short-term measures. An important stop block has…
IMO-Meeting Was Not A Missed Opportunity Read More »
The Iranian sanctions is yet another factor to be considered in the tanker market these days. The repercussions are far and beyond, especially after the latest move by the US to end all waivers, in an attempt to achieve its goal of zero Iranian oil exp…
Tanker Market: India crude oil imports outlook amid U.S. Sanctions Read More »