Most ship owners are refraining from committing funds in long-term projects, with newbuilding orders taking a back seat. The high volatility of the shipping markets, coupled with the additional uncertainty created by the trade wars, is causing more and…
Smaller Bulkers and Product Tankers in High Demand Read More »
The Propulsion Condition Monitoring Service (PCMS) is Wärtsilä’s Condition-Based Maintenance (CBM) solution for propulsion equipment. By carrying out measurements of critical parameters such as vibrations and oil condition, as well as operational param…
Where will the future oil supply come from? It’s one of the questions that tanker owners are looking to answer adequately, as it can provide them with a competitive advantage. In its latest weekly report, shipbroker Gibson said that “earlier this month…
Tanker Market: Tracking Future Cargoes Supply Read More »
The global 0.50% sulphur cap will enter into force in 2020. Finally, this date is no longer in the far-off future but in less than 365 days. What four options are available for ship owners? The figures are impressive: According to the guidance paper Gl…
Global Sulphur Cap 2020 – Implications for shipping and how to comply by next year Read More »
Confidence in the shipping industry has risen in the last three months despite ongoing geopolitical uncertainty, according to the latest Shipping Confidence Survey. The average confidence level rose to 6.2 out of maximum score of 10.0 this quarter comp…
Report: Shipping confidence up despite ongoing geopolitical uncertainty Read More »