The uncertainty about what will happen to bunker prices after 2020 is creating something of a dilemma for tanker owners. We explore whether they should opt for scrubbers or not. As shipowners are normally able to pass on the additional cost of bunkers …
The dilemma of fitting scrubbers Read More »
The New York Times wrote in 1981: “After 10 years of planning and construction, the $700 million Louisiana Offshore Oil Port opened for business on May 7, 1981 when the oil tanker Texaco Caribbean began discharging 1.5 million barrels of crude oil at L…
Going Offshore for VLCC Exports Read More »
Multinational corporations. Exotic offshore locations. A complex industry sector. Shipping has all the ingredients to excite those looking for tax avoidance headlines, yet it has largely escaped the negative publicity that has damaged other sectors. Ho…
Transfer pricing – a reputational risk? Read More »
A significant increase in trade volumes can be seen following on from the lifting of US sanctions in January 2016. A seasonal pattern can be observed in ton-mile exports post January 2016, with total volumes rising in the Autumn months in preparation f…
Greek owners most likely to be affected by US Sanctions on Iran Read More »
Clarkson PLC announces unaudited interim results for the six months ended 30 June 2018. Overview – Revenue of £152.6m (2017: £156.8m) – Underlying profit before taxation1 of £19.2m (2017: £24.5m) – Profit before taxation of £18.0m (20…
Clarksons Sees Improved Financial Performance in the Second Half of the Year Read More »