Ship owners are being very conservative this year, when it comes to committing funds in the newbuilding market, given the various degrees of market uncertainties. This has been the prevailing trend so far in 2019 and nothing suggests that it’s ab…
Newbuilding Market on a Rollercoaster Ride so far in 2019 Read More »
The IMO has attempted to reduce airborne emissions from ships through Annex VI of the MARPOL Convention, which first came into force in 2005. This includes a global limit for the sulphur content of ship’s fuel oil, as well as more stringent controls wi…
‘FONAR’ systems in view of the 2020 sulphur regulations Read More »
Tanker owners have returned to shipyards for more orders in 2019, with VLCCs and MRs the most popular options. However, whether this trend continues or not for the rest of the year, will depend on a number of factors. In its latest weekly report, shipb…
Ship Owners Splurge on Tanker Newbuildings so far in 2019 Read More »
The tanker market has reeled under the pressure of abundant tonnage supply during the month of January, according to the latest monthly report from OPEC. Following gains registered in the tanker market in the previous quarter, average dirty tanker spot…
Tanker Market Declines by 28% in January Read More »
Scorpio Group is no stranger to innovation. “We are an early mover in many technologies,” says managing director Francesco Bellusci. “Due to our volume of vessels, we are always looking for ways to simplify the job. We need support to be able to keep t…
Scorpio – an early embracer of digital class Read More »