A child can hope, but ultimately, they know if they have been good during the year or managed to get themselves on Father Christmas’s naughty list. For shipowners, life can be a little cruel at this time of year too. Good or bad, the seasonality chart …
Dry bulk market still on the naughty step Read More »
Freight rates are under pressure, global trade is hurt by trade wars, fleets are outgrowing demand and, if this was not enough, the price of fuel is about to take a leap, as the IMO sulphur regulation comes into force on 1 January 2020. Shipping compan…
2020 freight rate negotiations will be as tough as necessary Read More »
As 1 January 2020 approaches and the sulphur regulation from the International Maritime Organization (IMO) comes into force, BIMCO is experiencing an increase in questions related to the discord between the verification produces for statutory fuel oil …
BIMCO Publishes Interpretation Of Discord Between Fuel Oil Samples Read More »
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a level playing field. Of course, we need deterrents, but IBIA would like to stress that while enforcement …
IMO 2020 compliance: it’s up to us to be good citizens Read More »
Carriers test new IMO charges in the spot market, which are implemented and accepted on some routes. Huge disparity in charge levels. Most carriers have implemented so-called “IMO 2020 transition charges” from 1 December, leading to higher spot rates, …
IMO transition charges kick-in in spot market Read More »