VLCC spot rates move above breakeven
Charterers looking to load this coming July bid up spot modern vessels to best level of year.
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Volatility Continues in the Newbuilding Ordering Activity
It’s been a familiar trend this year; volatility when it comes to the newbuilding ordering activity. In its latest weekly report, Allied Shipbroking said that it “a very quiet week for the Newbuilding market was due, despite the gear up noted in …
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Moore Stephens: Five SOX pitfalls for shipping and transport companies
Companies listed in the US are familiar with the challenging Sarbanes-Oxley Act (SOX) requirements around internal controls. Many aim to satisfy these requirements by reference to the respected COSO internal control framework. Here are our top five are…
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World Cup Countries Crude Tanker Demand
Group A in the World Cup contains the host nation Russia, and Saudi Arabia, two of the largest crude oil producing countries in the world. The chart shows the contribution each country contributes to global demand for tankers. However the games shake o…
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Scorpio says no thanks to scrubbers, for now
Largest product tanker owner says ‘continues to evaluate’ scrubbers, but economics not clear for smaller vessels.
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