The tanker market is waiting for the looming decision on oil supply from OPEC’s coming meeting. In a recent weekly report, shipbroker Intermodal noted that “while the market expects the next OPEC meeting, there are still no clear signs indicating that …
OPEC and the Tanker Market: Oversupplied Market Will Dominate Proceedings Read More »
The Very Large Crude Carrier (VLCC) fleet has grown at a staggering rate of 8% year to date in November. The 65 VLCCs delivered in the first 11 months of 2019 will mark the highest number of deliveries since 1976. A total of 19m DWT has been delivered …
Shipping number of the week: Most VLCCs delivered in 40 years Read More »
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 »