At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality and safety were high on the agenda. Poor fuel quality is a problem which affects many stakeholders in the supply…
China will ban imports of waste foreign vessels to protect the environment, China Daily reported on Dec 24. The country’s ship-breaking yards, which have been tearing apart the world’s retired vessels from both civil and military sectors, a…
China to ban imports of waste foreign vessels for ship recycling Read More »
From the latest installment of the sanctions against Iran, to a number of highs and lows in the freight rate market, tanker owners had to endure a rough ride in 2018. In its latest weekly report, shipbroker Gibson analysed this year’s market trends. It…
Tanker Market in 2018 Was the Year of Extremes Read More »
BIMCO has last week released its two eagerly awaited standard clauses (the ‘2020 Marine Fuel Sulphur Content Clause for Time Charter Parties’ and the ‘2020 Fuel Transition Clause for Time Charter Parties’). Both are intended to address the Internationa…
2020 Fuel Transition Clause for Time Charter Parties Read More »
A sharp decline in prices as well as mounting pressure of oversupply has forced OPEC and its allies to cut production. However, crude tanker demand is unlikely to be affected, as a notional loss in the volume of crude oil trade owing to the production …
Production cut by OPEC and allies unlikely to hurt crude tankers Read More »