Since the start of 2015, the International Maritime Organization (IMO) has restricted vessels travelling through designated Emission Control Areas (ECA) from using fuel oil bunkers with a sulphur content of over 0.1%. The designated zones include the B…
How will Emission Control Area changes affect fuel oil demand in the Mediterranean? Read More »
On 1 January 2025, the FuelEU Maritime Regulation will come into force. The regulation may require stakeholders to start taking measures now and the BIMCO FuelEU Maritime Clause for Time Charter Parties 2024 is developed to help stakeholders align thei…
BIMCO adopts FuelEU Maritime clause Read More »
Almost everything we own has been transported by ship at some point in its lifecycle. Research shows that around 80% of all goods are moved by ship. One of the consequences of transportation at this scale is that shipping as a sector is responsible for…
Capesize The Capesize market experienced a challenging week, marked by a gradual softening across both basins. Monday began quietly, with rates in the Pacific and from South Brazil and West Africa to China sliding amidst limited fresh cargo and standof…
Dry Bulk Market: Challenging Week for Capesizes Read More »
On February 22, 2024, the United States Coast Guard (USCG) published a Notice of Proposed Rulemaking (NPRM) in the Federal Register, updating maritime security regulations and introducing new regulations establishing minimum cybersecurity requirements …
Managing Maritime Cyber Risk – Rising To USCG’s New Maritime Security Directive Read More »