Carriers test new IMO charges in the spot market, which are implemented and accepted on some routes. Huge disparity in charge levels. Most carriers have implemented so-called “IMO 2020 transition charges” from 1 December, leading to higher spot rates, …
IMO transition charges kick-in in spot market Read More »
2019 was definitely a year to remember for tanker owners. In its latest weekly report, shipbroker Gibson said that “this year started on a positive note for tankers. Healthy earnings were seen in early 2019 supported by strong demand at the time, weath…
Tanker Market in 2019: A Glass Half-Full Read More »
As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably We are clearly well into the IMO 2020 transition; changes in bunker infrastructure, availabilities and pricing are all having a major impact, posing challenges t…
VLSFO pricing & availability needs careful watching Read More »
The tanker market has managed to stage a significant recovery during the past three months, helped by sanctions imposed by the US, which effectively took tonnage out of the market. The same can’t be said for the dry bulk market. In a recent report, shi…
Tanker Market Ending 2019 on a Strong Note, But Dry Bulk Is Still Underwhelming Read More »
Shippers’ demands for better supply chain visibility have convinced several tank container sector operators to work together to develop common standards, with tank operators now taking the first steps in the right direction. The European Chemicals Tran…
Chemical shippers could benefit from better ISO tanks cargo visibility Read More »