The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development. Contracting activity has fallen, demoli…
Coronavirus Is Disrupting The Supply Of Ships As Well As Demand Read More »
At the beginning of this year, the IMO’s global sulfur cap on marine fuels entered into force and shipowners who chose the SOx -scrubber pathway to compliance began the modern era of emissions reduction. Scrubbers have been operating in marine environm…
Lessons Learned From Scrubber Installation And Operation Read More »
Bunker prices have had quite a ride over the first quarter of the IMO 2020 implementation and alongside them the premium for scrubber-fitted bulk carriers. Crude oil and bunker prices literally collapsed over the last weeks as a result of the Saudi Ara…
Q1 saw record low bunker spread and scrubber premium sliding Read More »
Development of mega LNG liquefaction projects continues to suffer in a coronavirus (COVID-19)-impacted market with low demand, historically low LNG prices and an oil price war on the sidelines. The LNG market started 2020 with record low spot LNG price…
Coronavirus to create new “normal” in LNG shipping Read More »
Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world ad…
US Seaborne Exports Slow As The Trade War Takes Hold Read More »