Low freight rates and costlier fuel sink HMM’s bottom line
Korean giant cautions of cargo volume fluctuation due to US-China tariff spat as it continues writing in red ink.
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The dilemma of fitting scrubbers
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 …
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Going Offshore for VLCC Exports
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…
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Transfer pricing – a reputational risk?
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…
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BlackRock the white knight behind International Seaways VLCC deal
Key to the six-VLCC Euronav purchase is the biggest name in asset management that has scored a double-digit interest rate on Seaways’ notes
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