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 »
The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes it both timely and welcome that BIMCO has produced a standardised term sheet. There was strong Asian representation on the draftin…
BIMCO ‘Shiplease’ Term Sheet Read More »
Frustrated at the sluggish pace of progression at the International Maritime Organisation and under intensifying pressure from external stakeholders to act on climate and air quality concerns, charterers have taken matters into their own hands – and no…
Taking action on emissions Read More »