Switching to liquefied natural gas (LNG) is the preferred solution for shipping companies to adopt in order to meet the International Maritime Organization’s (IMO) stringent new international emissions standards for marine bunker fuels, according to th…
Throughout May, we observed Suezmax freight rates make considerable gains compared to the previous month with TD6 trading up about 16% month-on-month. Gains along this trade as well as others can be attributed to 63.4% utilization in May versus 62.1% t…
Suezmaxes Find Utilization Support Read More »
It’s been a familiar trend this year; volatility when it comes to the newbuilding ordering activity. In its latest weekly report, Allied Shipbroking said that it “a very quiet week for the Newbuilding market was due, despite the gear up noted in …
Volatility Continues in the Newbuilding Ordering Activity Read More »
Companies listed in the US are familiar with the challenging Sarbanes-Oxley Act (SOX) requirements around internal controls. Many aim to satisfy these requirements by reference to the respected COSO internal control framework. Here are our top five are…
Moore Stephens: Five SOX pitfalls for shipping and transport companies Read More »
Group A in the World Cup contains the host nation Russia, and Saudi Arabia, two of the largest crude oil producing countries in the world. The chart shows the contribution each country contributes to global demand for tankers. However the games shake o…
World Cup Countries Crude Tanker Demand Read More »