In a landmark move on 27 December 2023 the Bermuda Government took a significant step by adopting the Corporate Income Tax Act 2023 (the “CIT Act”), a pivotal piece of legislation that promises to reshape the island’s financial landscape. The new legis…
Bermuda Corporate Income Tax and the Shipping Income Exclusion Read More »
Middle East tensions and a threat of war escalating is definitely on the cards, after recent events. But, unlike recent examples, it seems that this time around oil prices aren’t going much higher, with most of this already priced in. So, unless there’…
Middle East Crisis: What could be the impact on the tanker market? Read More »
FBX July Summary The FBX index began July at $4,508, rising sharply to $5,214 within the first week. It peaked at $5,218 on 9 July before a steady decline to the current level of $4,958. This is over 3.5 times higher than the average price a year ago, …
FBX Index August 2024: Looking forward Read More »
With their massive sails stretched over towering masts, merchant ships that plied the world’s oceans hundreds of years ago helped launch the era of commercial shipping, delivering goods of all kinds to different ports of call. Those early cargo ships w…
‘Windfall’ technology to power cargo ships Read More »
After four and a half years since the implementation of the IMO rules on low sulphur fuels, it’s more than evident that larger tanker sizes have chosen the retrofitting of scrubbers, to become compliant. In its latest weekly report, shipbroker Gibson s…
Larger Tankers Opt for Scrubbers Read More »