A sharp decline in prices as well as mounting pressure of oversupply has forced OPEC and its allies to cut production. However, crude tanker demand is unlikely to be affected, as a notional loss in the volume of crude oil trade owing to the production …
Production cut by OPEC and allies unlikely to hurt crude tankers Read More »
BIMCO and MAN Energy Solutions hosted a conference for software suppliers delivering Computerised Maintenance Management Systems (CMMS) to expand the use of Shipdex. Shipdex is the standard protocol for exchanging technical data – such as manuals…
BIMCO: Newbuilding Contracts Should Require Use Of Shipdex Read More »
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with demolition in …
Only two Panamax bulkers demolished in 2018 Read More »
Four trade associations representing the international liner shipping industry today submitted comments to the European Commission supporting extension of the EU consortia block exemption regulation (“BER”) for an additional five years beyond its curre…
With less than a week until Christmas and most of our presents bought, we’re feeling the pinch. However, that’s nothing compared to the amount that some have been spending this year! VesselsValue’s Senior Analyst Court Smith gives a r…
Shipping’s Biggest spenders of 2018 Read More »