With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%.A press release from Hapag-Lloyd said that…
New Marine Fuel Recovery Mechanism is Causal, Transparent and Simple Read More »
The European Shippers’ Council (ESC) disapproves of the mechanism of surcharges that shipping liners launch to cover the higher rate of lower sulphur fuel. Shippers call for a dialogue with container liners to find the best mechanism to share…
ESC Disapproves Shipping Surcharges Read More »
Greece-based owner and operator of tanker vessels Navios Maritime Acquisition agrees to merge with Navios Maritime Midstream Partners.Under the transaction, each Navios Midstream unitholder will receive 6.292 newly issued Navios Acquisition share…
Navios Maritime Acquisition to Take Over Navios Maritime Midstream Read More »
An important strategic objective for International Maritime Organization (IMO) is improve the way its treaties and conventions are implemented, at the national level.Domestic implementing legislation is required but audits carried out by IMO reveal th…
IMO to Push Nations for Legislation on Treaties Read More »
There’s always a reason behind any sudden surge in tanker market rates and this time around is no different, especially if ones takes note of the days which led to last week’s spike. In a recent weekly report, Allied Shipbroking said that o…
Tanker Market: The Oil Price – To – Freight Demand Correlation Read More »