The ongoing lull in tonnage scrapping in the crude tanker market is signalling the calm before the storm, as we anticipate a massive surge in scrapping in the coming years. The aging fleet, surging orderbooks, regulatory pressure and changing geopoliti…
Crude tanker scrapping: The calm before the storm Read More »
The new mandatory performance standards introduce changes to the design and operational requirements for pilot transfer arrangements, including those already installed onboard ships in operation. Achieving compliance with the new requirements may neces…
New IMO requirements for pilot transfer arrangements Read More »
Contradictions muddying the waters of the global sanctions regime on Russian oil are making it increasingly difficult for ship operators, even with the best intentions, to stay on the right side of the law. At a Baltic Exchange presentation that took p…
Sanctions, uncertainty and the shadow fleet Read More »
We welcome the continued engagement by governments and stakeholders at the latest meeting of the Basel Convention Open-ended Working Group (OEWG), where discussions focused on the complex legal and environmental framework for ship recycling. The meetin…
BIMCO: Basel OEWG outcome brings ship recycling clarity closer, but more work is needed Read More »
Following the announcement of a ceasefire on 24 June, the operational environment shifted from a complete closure towards a tightly managed but highly contested transit regime. On 24 June, temporary routing arrangements coordinated by Oman and the Inte…
AG Oil Flows: How Far is Normalization Read More »