Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of coronavirus (COVID-19). In its recent report, the IEA estimates global oil demand at 99.9 mbpd in 2020, …
Volatility to increase in tanker market following oil price war Read More »
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this massive unc…
BIMCO revises 2020 forecast for main shipping markets Read More »
VLSFO quality remains a headline IMO2020 topic. As suppliers are getting more experienced at producing VLSFO blends, the proportion of off-spec tests has been declining, although certain quality concerns remain. One of these is the reduction in viscosi…
Should the industry worry about decreasing VLSFO viscosity? Read More »
The coronavirus (COVID-19) has already caused the loss of thousands of human lives and the imposition by authorities of travel restrictions and lockdown of cities, provinces and countries across the world. Communities across most continents and economi…
Until relatively recently, topics relating to cybersecurity have been the domain of the IT department. Today, however, securing Operational Technology (OT) is becoming critical for business. In the marine industry in particular, ships are becoming more…
Cybersecurity looks to the cloud to protect data at sea Read More »