International conventions and local regulations combine to create a complex legal regime, which is often overlooked. The sale of a ship or rig to an intermediate buyer, which then sells the asset on to a shipbreaking facility, will not necessarily insu…
Ship and rig recycling: frequently asked questions Read More »
Over the course of the past couple of years, things were pretty straightforward, when it came to the demolition market. More ships were headed for scrap, as ship owners were inclined to sell their older ships, to balance the ailing freight markets. So …
Demolition Market “Confusing” Says Shipbroker Read More »
Clarksons issued a series of figures compiled on the current scrubber market situation. Summarising the latest update, Steve Gordon, Managing Director of Clarksons Research commented: Scrubber count has increased six-fold since January 2018, to represe…
Ship owners are being very conservative this year, when it comes to committing funds in the newbuilding market, given the various degrees of market uncertainties. This has been the prevailing trend so far in 2019 and nothing suggests that it’s ab…
Newbuilding Market on a Rollercoaster Ride so far in 2019 Read More »
The IMO has attempted to reduce airborne emissions from ships through Annex VI of the MARPOL Convention, which first came into force in 2005. This includes a global limit for the sulphur content of ship’s fuel oil, as well as more stringent controls wi…
‘FONAR’ systems in view of the 2020 sulphur regulations Read More »