The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majority of the heat created by greenhouse gas emissions, causing their temperature to rise. During this summ…
As ocean temperatures rise, shipowners look for ways to cope Read More »
The International Maritime Organisation’s (“IMO”) “carriage ban” rule makes it an offence, as of 1 March 2020, for ships to carry fuel oils that contain sulphur content higher than 0.5%, unless the vessel has a scrubber or the fuel is carried as cargo….
IMO 2020: Impending Carriage Ban – “Legitimate” de-bunker/disposal practices Read More »
It is everywhere. Chatter about the coronavirus has taken over the pages of every single news website, creating a homogeneity of panic. It’s also turned that friend of yours (invariably called Dave), who bangs on about conspiracy theories, into talking…
Ship Shape – FIS Commodity Read More »
Capesize Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With multiple drivers including Coronavirus, rail flooding in East Australia, rains in Brazil and a tropical cyclone…
Dry Bulk Market: Capesizes Still Suffering, but Some Respite Seen for Smaller Classes Read More »
Using satellite tracking technology, we have compared China’s real time demand for seaborne crude oil from the Middle East in recent weeks against the same period last year. The coronavirus has coincided with Chinese New Year, so we have compared…
Coronavirus causes China Crude disruption Read More »