Little over a month after four tankers were damaged by explosions in the Middle East’s Gulf of Oman, another two tankers have been rocked by blasts in the same area. Last week, on 13 June, the methanol-carrying, Panama-listed Kokuka Courageous and the …
Testing times in the Gulf of Oman Read More »
In less than 200 days , the mandatory IMO regulations to reduce sulphur emissions from ships, also known as Low Sulphur Cap, will be implemented. These regulations will increase fuel cost for most ships, with up to 50%. It creates a direct need for fue…
Fuel cost for ships to increase up to 50% in only 200 days from now Read More »
Global container shipping is focusing more on vertical integration, moving into logistics and away from consolidation amid slowing growth in container trade as well as digital disruption, Fitch Ratings says. The credit implications are not yet clear as…
Fitch Ratings: Container Shipping Shifts to Vertical Integration Read More »
Confidence in the shipping industry has fallen marginally over the past three months, largely as a result of ongoing concern over trade wars and increased regulation, according to the latest Shipping Confidence Survey. The average confidence level in t…
Concern over trade wars impacts shipping confidence Read More »
Rocky Mountain Institute, Global Maritime Forum and UCL Energy Institute announced that 11 major shipping banks, representing a bank loan portfolio to global shipping of approximately $100 billion will for the first time integrate climate consideration…