Capesize The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The 5TC opened the week at $32,765 and closed on Friday at $27,145. It became apparent on Monday that the market …
Dry Bulk Market: Capesizes Down on the Week Read More »
Tensions continue to rise in an area described as the most important chokepoint in the oil transportation system globally. In July, the British-flagged chemical/oil products tanker Stena Impero was seized in the zone in question, the Strait of Hormuz, …
Japan’s LNG imports are projected to recover in 2020 and 2021 as nuclear plants are unlikely to meet the deadlines of the new anti-terrorism nuclear regulations. Japan’s LNG demand is expected to revive from mid-2020 and increase until 2022 as the oper…
Delay in compliance with nuclear security regulations to boost Japan’s LNG imports Read More »
On January 1, 2020, the International Maritime Organization (IMO) will introduce increased limitations on sulphur emissions by ships. Set forth by MARPOL (see sidebar, “The adoption of MARPOL”), these global limitations will require operators to consid…
McKinsey: 9 mtpa increase in use of LNG as LNG carrier bunker fuel on 1/1/2020 Read More »
“The first role of the flag is to be responsible for ships operating in a safe, secure and environmentally friendly manner,” states John Ramage, Chief Operating Officer of International Registries, Inc. and its affiliates (IRI), which provide administr…
Flag and class: Forging a new digital partnership Read More »