The Iranian oil market factor is back in play in the crude tanker segment. In its latest weekly report, shipbroker Gibson said that “sanctions are back. From Monday any company trading Iranian crude faces being cut out of the US financial system. The T…
Another Period of Sanctions in Iran: Will The Tanker Market Benefit? Read More »
Earlier this year, the Moore Stephens international member firm in Greece published ‘Owners’ Dilemma’, a thought leadership article looking at the financial considerations arising from the decision about whether to fit scrubbers to comply with the IMO …
Moore Stephens: Weighing the accounting implications of IMO 2020 Read More »
Over the course of the past couple of months, there have been news of mass installations of scrubbers on board entire company fleets, ranging from tankers, to dry bulk carriers and container ships. And there’s a pretty good reason for this, as an…
IMO 2020: Scrubber Installations Are Booming and There’s A Very Good Reason for That Read More »
More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies’ operating costs and capex needs, Fitch Ratings says. This may negatively affect their credit quality unless they manage to pass thes…
Fitch Ratings: Tighter Fuel Rules Could Raise Shipowners’ Costs and Capex Read More »
Aegean Marine Petroleum Network Inc., a leading international marine fuel logistics company, announced the results of the investigation into certain accounting-related matters by the audit committee of the Company’s Board of Directors (the “Audit Commi…