While shipping markets are already in a huge slump over the past couple of weeks, the offshore market is also under immense pressure, exacerbated by the looming fall in oil prices. In its latest weekly report, shipbroker Intermodal said that “the oil a…
Offshore Market Also in the Doldrums Read More »
Increasing biodiesel consumption due to the rollout of B20 biodiesel programme in Malaysia and B30 programme in Indonesia coupled with low production of palm oil will tighten its supply. Top importers like India and China will counterbalance this gap b…
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which remain heavily reliant upon China, b…
Coronavirus impacting the global shipping industry Read More »
Dr Fabian Kock, Head of Environmental Certification, DNV GL – Maritime Dr Fabian Kock joined DNV GL in 2009 after studying mechanical engineering in Hamburg, Sydney and Chennai and subsequently gaining experience in the field of engine developmen…
DNV GL study looks at challenges in scrubber operations Read More »
Amidst a major crisis like the current one, with most of China under lock-down, the shipping industry has a solid opportunity to accelerate the decommissioning of a significant number of older vessels. And as it turns out, this has been the case so far…
Older Ships Are Being Rushed to the Scrapyards Read More »