The tanker market is among the key beneficiaries of the recent US-China Phase 1 trade agreement. However, other markets could benefit as well. In its latest weekly report, shipbroker Gibson said that “after nearly two years of trade tensions, the US an…
Trade Agreement Positive for Tankers Read More »
It took two long years for Hong Kong-based ship manager Anglo-Eastern and its technology partner Wärtsilä to agree on the right path for digitising the Anglo-Eastern fleet, but the programme the two firms developed is a game-changer for the maritime in…
Delivering on a deal that revolutionises the maritime industry Read More »
The tanker market enjoyed a solid growth run during the month of December with Aframaxes posting the biggest gains, OPEC said in its latest monthly report. The tanker market experienced a general strengthening trend in December as freight rates in both…
Tanker Market Enjoys Bull Run in December Read More »
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as t…
With availability no longer an issue, ship owners are lamenting the significant rise in operating costs, due to the IMO 2020 rule. The reason being the almost doubling of fuel costs. In its latest weekly report, shipbroker Intermodal said that “the ear…
IMO 2020: Price of Fuel the Main Reason of Concern for Ship Owners Read More »