Tanker owners had their moment in 2019, during these crazy few weeks of October, but with the market gradually retreating since, they are quickly returning to the grim reality of the current market fundamentals. In its latest weekly report, shipbroker …
Tanker Market: Mild Optimism Should be the Norm Ahead of 2020 Read More »
The shipping industry is well aware of the fines and penalties imposed by US authorities against vessel owners, operators and officers for alleged bypasses of a vessel’s oily-water-separator (“OWS”), which is required pollution control equipment under …
IMO 2020 Enforcement: Magic Pipe Cases All-Over Again? Read More »
The demolition market in SouthEast Asia is about to transform over the next few years, after India’s approval of the Hong Kong Convention for the “green” recycling of ships. In its latest weekly report, GMS, the world’s leading cash buyer s…
Demolition Market: India’s Approval of the Hong Kong Convention is a Game-Changer Read More »
The Secretary-General of the International Maritime Organization (IMO), Mr. Kitack Lim, has opened the Organization’s 31st Assembly session, calling for concrete action to address climate change and other challenges. “In so many areas, we a…
IMO Secretary-General opens 31st Assembly with a call for concrete action Read More »
Tanker newbuilding orders have remained on the low-end of things during 2019, similar to the past few years, but are already higher than 2018, in a sign of increased investment “appetite”, most notably in the product tanker segment. In its latest weekl…
Tanker Newbuildings Low in 2019, but Still More than 2018 Read More »