Just four VLCCs and five Suezmaxes have been scrapped during the Jan-October period, with most owners refraining from selling their older ships for demolition, altering the tanker market fundamentals. In its latest weekly report, shipbroker Gibson said…
Just 4 VLCCs Scrapped During 2019 Read More »
The transitional period regarding shipping fuels, with the pending introduction of low-sulphur fuels, come 2020, has started to cause some “headaches” for ship owners. According to Intermodal’s latest weekly report, “with less than two months before th…
Ship Owners in Fuel “Limbo” Until 2020 Comes Read More »
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor. The uncertainty of the upcoming IMO 202…
IMO 2020: Market Uncertainty Brings More Fuel Oil Price Volatility Read More »
The IMO specification change will limit Sulphur content in ships’ fuel oil from 3.5 to 0.5 percent from January 2020. This will shift a large amount of bunker demand from high-Sulphur fuel oil (HSFO) to low-Sulphur fuel oil (LSFO) and gasoil across reg…
Changes To China’s Tax Treatment Of Fuel Oil Shakes Up Bunker Market Read More »
The disappointing figures related to the demolition activity this year have continued over the course of the past week as well, in yet another indication, that the gradual improvement of the freight rate market during 2019 has deterred many owners from…
Demolition Market Still on “Standby” Mode Read More »