To install or not to install? Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shipowners are still evaluating their positioning on whether to install scrubbers or not. Some shipping companies have alre…
Top 4 accounting considerations after the implementation of IMO 2020 Read More »
Havoc is what best describes the effect of the Coronavirus to the world’s trade, economy and of course the shipping industry. It seems that every single estimate and projection regarding the course of global trade, demand for raw materials and su…
Shipping “Sweats” as Coronavirus “Fever” Spreads Globally Read More »
Capesize Little changed for the Capesize market over this past week as fixing levels continue to provide meagre earnings for owners across all routes. Vessel demand continues to be grim and this has led many to sit idle in strategic locations, awaiting…
Dry Bulk Market: Capesizes Still Suffer from Low Rate Environment Read More »
The Open Simulation Platform Joint Industry Project (OSP), founded in 2018, addresses the challenge of testing new and advanced vessel systems before they are installed on board. The project was initiated by DNV GL, Kongsberg Maritime, the Norwegian Un…
Open Simulation Platform – the next generation of digital twins Read More »
Looking from the outside, it has not been a week for rejoicing in US oil market. Or stock markets. Or freight. Or anything really. We have come back slightly from the terrible lows of last week, but it’s still more of a grimaced smile like pretending t…
Supercalorfragilisticexpealishale Oil Read More »