The grand vision of the Open Simulation Platform (OSP) is to establish an ecosystem for models and co-simulation in the maritime industry. It will facilitate efficient and effective construction of digital twin systems and vessels in a collaborative ef…
DNV GL: Open Simulation Platform Read More »
Ships’ demolition activity has been rather slow since the start of the year, amid market uncertainty. However, things could be set for a pick up in the weeks to come. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it’s that t…
With an expected spike in the price of low-sulphur fuel as 2020 approaches, shipowners and bunker suppliers will need extended credit lines. For the big players, extended credit is unlikely to be a problem, but for small and medium-sized players, it mi…
Spike in need for credit could fuel consolidation Read More »
Speculative orders have vanished from the newbuilding scene of late, with the majority of ship owners making moderate and calculated moves in the market. This has been the case so far in 2019, with prices stabilizing as a result. In its latest weekly r…
Newbuilding Prices Stabilize, as Do Orders Read More »
While the IMO 2020 regulations bode well for the product tanker market, other factors can come into play, which can have a negative impact. In its latest weekly report, shipbroker Gibson said that “the US product export market has been transformed over…
Potential Threat to Product Tanker Market from Mexico’s Refining Plans Read More »