Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while looking ahead costs are expected to continue rising at a similar pace in 2020 on a hardening insurance market before…
Ship operating costs rise on higher R&M and insurance spend Read More »
In the latest October 2016, MEPC 282 reunited and adopted mandatory MARPOL Annex VI requirements for ships to record and report their fuel oil consumption. Guidelines were also defined in terms of what should be the content of the Ship Energy Efficienc…
IMO-DCS – The First Reporting Period is ending. What is next? Read More »
Capesize The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was seen to improve strongly, with both paper and physical traders buying into the rally. Opening the week at $18,…
Dry Bulk Market: Capesizes On the Rise Again Read More »
The Very Large Crude Carrier (VLCC) fleet has grown at a staggering rate of 8% year to date in November. The 65 VLCCs delivered in the first 11 months of 2019 will mark the highest number of deliveries since 1976. A total of 19m DWT has been delivered …
Shipping number of the week: Most VLCCs delivered in 40 years Read More »
When words like ‘deterioration’, ‘uncertainty’ and ‘weak’ are used in connection with trade and investment flows by a body as eminent as the OECD, it’s a cause of great concern for shipping. In his analysis of the organisation’s latest Economic Outlook…
Trade outlook deterioration continues ‘unabated’ Read More »