The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At …
Many factors can contribute to an unsafe berth, but a common focus after any berthing incident is whether the fenders were safe and fit for their intended purpose at the material time. Fenders have a simple remit: they should prevent the immovable obje…
The dry bulk market fundamentals seem to indicate that a late-year surge in on the cards, at least for the sector’s barometer, the Capesize class. In its latest weekly report, shipbroker Allied Shipbroking said that “since the end of 2016, we hav…
Capesize Market Primed for a Late-Year Rally Read More »
Credit has become the taboo topic of the bunker industry since the announcement by the International Maritime Organization that a 0.5% global marine sulfur cap will be introduced from January 1, 2020. After running on easy credit from the banks, as pur…
Credit Needs To Come Out Of Shipowners’ Blind Spot Read More »
With IFRS 16, the new lease accounting standard, coming into effect soon, shipping companies need to prepare for the new presentation and disclosure requirements. Many will need to make changes to their systems in order to be ready. Lessees face most c…