As ship owners kept looking for signs of sustainable rebound in freight rates, good news were absent this week from the supply side, as demolition activity was lacklustre. In its latest weekly report, Clarkson Platou Hellas said that “it has been a fai…
Festivities Disrupt Demolition Market Read More »
With the end of 2018 arrive new important deadlines for the shipping activity. During this present year ship owners had the obligation of monitoring data from vessel’s activity, being the most important the monitoring fuel consumed and the tonnes of CO…
The 2019 MRV Requests Read More »
As uncertainties around the future growth of world trade and the economy are growing, ship owners appear to be more reluctant to place long-term bets, such as a newbuilding contract commitment. In its latest weekly report, shipbroker Allied Shipbroking…
Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment Read More »
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release. The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its mee…
BIMCO Adopts 2020 Bunker Clauses Read More »
The industry is anxious about ships potentially being penalised if, despite their best efforts, ships are unable to be fully compliant with the 0.50% sulphur limit. Naturally, the industry wants reassurance that port State control (PSC) authorities wil…
IMO won’t call for pragmatic enforcement during initial phase of 2020 Read More »