So what do we mean by blue economy? Namely, the sustainable use of ocean resources for economic growth. And according to the UK government’s chief scientific adviser in the Foresight Future of the Sea Report, the gross value added of the blue economy i…
Marine geospatial opportunity Read More »
Capesize A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slipping. However, rising iron ore prices and renewed talk of Vale fixing ships from Brazil for early November, fro…
Dry Bulk Market: Capesizes On Higher Ground Read More »
Credit has become the taboo topic of the bunker industry since the announcement by the International Maritime Organization that a 0.5% global marine sulfur cap will be introduced from January 1, 2020. After running on easy credit from the banks, as pur…
Credit Needs To Come Out Of Shipowners’ Blind Spot Read More »
With IFRS 16, the new lease accounting standard, coming into effect soon, shipping companies need to prepare for the new presentation and disclosure requirements. Many will need to make changes to their systems in order to be ready. Lessees face most c…
There were a total of 113 ships broken in the third quarter of 2018. Of these, 79 ships were sold to the beaches of South Asia for dirty and dangerous breaking [1]. Between July and September, three workers have lost their lives when breaking ships in …
Shipbreaking: 113 Ships Sold for Scrap During the Third Quarter of 2018 Read More »