Ships’ valuations expert VesselsValue recently published its half year report on the S&P market. Bulker A total of 204 bulkers have been sold since the beginning of 2019, interestingly however only 6 of these have been Capesize bulkers. Durin…
Vast Majority of Bulkers Sold Aren’t Capesizes Read More »
Beginning on 1 January 2020, all vessels worldwide will only be able to refuel using fuel with a maximum sulphur content of 0.5 percent – this is the requirement of the global fuel guideline known as IMO2020. As of 1 March, no vessel will be permitted …
IMO2020: What shipping companies have to do now to be compliant by 1 January Read More »
On 20 June 2019 the US narrowly pulled back from retaliatory military strikes on Iranian targets. This was a move planned in response to Iran’s targeting of a US drone allegedly operating in Iranian airspace. These events follow a series of attacks on …
Managing risks in the Strait of Hormuz Read More »
This past week saw the latest reports from OPEC, EIA and IEA alike. In its latest weekly report, shipbroker Gibson noted that “it is official. After weeks of speculation and some minor reshuffling in terms of meeting dates, in early July OPEC+ announce…
Average dirty tanker spot freight rates were broadly flat in June, with ample tonnage availability dampening the impact of increased activity as refineries returned from maintenance, said OPEC in its latest monthly report. In June, Very Large Crude Car…
Tanker Rates Flat During June Read More »