In March and April 2020, reduced demand for crude oil and petroleum products in response to COVID-19 mitigation efforts led to a sharp increase in global crude oil inventories. As onshore inventories increased, market participants turned to using oil t…
Crude oil tanker rates are likely to remain low until global petroleum demand increases Read More »
The goal of reducing sulfur dioxide emissions from marine fuels is part of the overall effort to combat climate change internationally and is framed by the United Nations Convention and the subsequent Kyoto Protocol. The Kyoto Protocol, which entered i…
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions from ships is to use biofuels or biofuel blends. Biofuels have very low sulphur levels and low CO2 emissions, as such they are a technica…
Biodiesel – new fuels, new challenges Read More »
After a banner year for the Republic of the Marshall Islands (RMI) fleet in 2019, with its best ever ranking from port State control (PSC) authorities globally, the RMI Maritime Administrator (the “Administrator”) remained focused on enhancing resource…
The Marshall Islands Registry Focuses on Enhancing Resources Read More »
On 3 August 2020, Scorpio Bulkers (SALT) announced the signing of a Letter of Intent (LOI) to construct a wind turbine installation vessel (WTIV), due for delivery in 2023 with the option for up to three additional vessels. The total cost of the projec…
Wind turbine installation vessel business – Reprieve or a debt trap for Scorpio Bulkers? Read More »