During Nor-Shipping earlier this month, our Head of Offshore, Robert Day, joined industry professionals to speak at Marine Money’s Norway Ship and Offshore Finance Forum. His presentation ‘Making Sense of Consolidation, The Data Behind Decision Making’…
Making Sense of Consolidation: The Data Behind Decision Making Read More »
Spot freight rates for a Very Large Crude Carrier (VLCC), carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on 20 June, their highest level since March and significantly above the May average of USD 9,979 …
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 »