Tanker owners have experienced the lows of the market, but 2019 is a different story, as a number of factors are contributing to improved market sentiment. Most recently, a series of shifts could shift ton-mile demand in favor of ship owners. In its la…
Tankers: A Positive Trend is Taking Shape, Boostin Ton-Mile Demand Read More »
The Aframax tanker market seems to have taken the biggest hit during February, when it comes to average spot rates, as per the data from the latest monthly report from OPEC, issued this week. According to the report, following the same trend seen in th…
Tanker Spot Market Declined by 18% in February: Aframaxes Took the Biggest Hit Read More »
On 4 February 2019 the European Commission (EC) tabled a proposal concerning the amendment of Regulation (EU) 2015/757 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport (the “EU MRV Regulation”). The main…
Shipping and carbon: EU and IMO systems to align Read More »
With less than a year to go before the cap on sulphur comes into force, VLGC shipowners are increasingly considering scrubbers as an attractive option to meet IMO’s low-sulphur regulation. In this piece, we discuss the economics behind scrubber install…
Why scrubber installation makes sense for VLGC owners? Read More »
A full review of the 2015 Guidelines on Exhaust Gas Cleaning Systems (EGCS) needs more time, meaning only elements relating to malfunction of the EGCS system or a monitoring instrument have been sent for approval by the IMO’s Marine Environment Protect…
Work remaining on updating IMO guidelines for scrubbers Read More »