Sustained GDP growth could give world trade a lift this year, yet it remains to be seen whether this boost will endure, warns the World Trade Organization (WTO). According to the body, mid-last year, economic growth slowed more than anticipated, causin…
WTO: ambiguous fortunes for trade Read More »
Another week, another sub par ship recycling activity in the market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the tropical and hot climate that has been experienced across Europe this week has further reminded everyone …
Demolition Activity Below Par on Summer Lull Read More »
Brazil has replaced the North Sea as the biggest market for shuttle tanker operations. Naturally a good reason for DNV GL to invite the major players to DNV GL’s shuttle tanker workshop to share experiences and take a closer look at the market as well …
Shuttle tankers in Brazil Read More »
Using liquefied natural gas (LNG) rather than fuel oil is one of a range of options available to owners seeking to comply with the International Maritime Organisation’s 2020 regulations (IMO 2020). Given that shipbrokers have long predicted the e…
The bunker balance – owners consider liquefied natural gas in advance of 2020 Read More »
Ardmore Shipping Corporation announced results for the three and six months ended June 30, 2019. Highlights and Recent Activity – Reported a net loss from continuing operations (see Non-GAAP Measures section) of $3.4 million for the three months …