The issue If no drastic action is taken, CO2 emissions from international shipping could increase between 50% and 250% by 2050 Maritime transport emitted 938 tonnes of CO2 in 2012. This represented 2.6% of total global carbon emissions. By 2050, shippi…
On Course Towards Carbon-neutral Shipping? Read More »
Fortunes have improved in the tanker market as of late, as per the latest monthly OPEC report. In October, tanker spot freight rates for dirty vessels increased considerably, with gains being registered across all classes trading on all major routes. A…
Tanker Market On a High Note Read More »
Instances of damage to vessels’ machinery, including engine breakdowns, as a result of contaminated fuel have reached unprecedented levels. Since the first reports of this ‘bad bunker’ fuel appeared in Houston at the beginning of 2018, it is thought th…
‘Bad bunkers’ – common challenges, recommended actions Read More »
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member. Alfonso Castillero, CCO of the Liberian Registry, says, “We are greatly honoured to be the first ship registry admitted as …
Liberia becomes first flag state to join the Maritime Anti-Corruption Network Read More »
Earlier this month, the US re-imposed sanctions on Iran, banning global exports threatening heavy penalties on any country that continues to trade with the middle-eastern nation. According to US secretary of state- Mike Pompeo during an address on the …
Impact of US sanctions on the tanker market Read More »