The Republic of the Marshall Islands (RMI) is pleased to be recognized for an unparalleled 17 consecutive years on the United States Coast Guard’s (USCG’s) QUALSHIP 21 roster. The RMI is the only one of the world’s three largest registries to attain QU…
With hindsight, it can easily be illustrated that even though macro-economic hindrances originate from different sources, they all tend to challenge (in one form or the other) the established rules. By now, we all must have read a lot about the pandemi…
Ports & terminals vs shipping lines: Do investors favour the latter? Read More »
The introduction of rules last year to reduce ship sulphur emissions is resulting in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage. Speak…
Low Sulphur Fuel Can Add $20,000 To Annual Ship Operational Costs Read More »
Bunker fuel oil supply has not been affected by the ransomware attack and six-day shutdown of Colonial Pipeline’s network, and there is good availability of fuels across ports in the Americas this week. US Gulf Coast fuel oil inventories were drawn las…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region. Earnings on the Rotterdam to New York trade for a Handysize tanker capable of carryi…
Clean product tanker rates on US bound trade almost doubles after pipeline attack Read More »