The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engine emissions from 3.5% currently to 0.5% or less from 1st January 2020. It may seem an arcane rule change, but t…
Shipping fuels, crude oil markets and the environment Read More »
Normal service has been resumed, as ship owners have returned to the S&P market, lowering their “appetite” for newbuildings. In its latest weekly report, shipbroker Banchero Costa said that “two modern NewCastelmax, the Bulk Seoul and Bulk Shanghai…
Ship Owners Return to the S&P Market Read More »
Amid intense competition in the tanker market, ship size and cargo flexibility are key differentiators. As a result, there is a trend among operators to prefer LR2-type tankers which, in contrast to the equally sized Aframax crude oil tankers, have coa…
New tanker generation calls for new rules Read More »
Oceans and seas around the world are warming up and seeing increasing surface acidification; marine biodiversity stands threatened and marine heatwaves are intensifying; mean sea levels are rising due to ice loss in Greenland and the Antarctic. These a…
Climate change and the oceans: Navigating in troubled waters Read More »
Chemical cargoes, petroleum products, vegetable oils and other fats are often carried as bulk cargoes on board chemical and product tankers. Quality problems with these cargoes have been an issue since the dawn of this trade, and even with modern techn…
Sampling of liquid cargoes Read More »