Things are heating up in the crude tanker market with VLCCs reaping the benefits so far. In its latest weekly report, shipbroker Charles R. Weber said that “last week’s influx of USG inquiry buoyed rates across the globe on the VLCC sector, as eastboun…
VLCC Owners Holding Out For Further Rate Increases Read More »
Implementation of the IMO’s 0.50% sulphur limit for fuel oil is presenting one of the most significant challenges to all stakeholders in the marine fuel oil market – from producer to user. The transition period has started; decisions must be made, and …
Compliant fuel or scrubbers? Pick the right 2020 transition strategy Read More »
The International Maritime Organisation’s (IMO) major change limiting the airborne sulfur dioxide emissions from international shipping is now less than a year away. On 1 January 2020, the sulfur dioxide emission standard tightens to limit the emission…
Uncertainty Shrouds IMO 2020’s Impact Read More »
While a scenario under which, oil prices are elevated, is bearish for tanker prospects in the long run, it’s expected that, at least in the short-term, demand will be supported, thanks to elevated crude runs from new refineries coming online. In its la…
Tanker Demand Will Be Supported in The Near Term Claims Shipbroker Read More »
Maersk has declared its intent of becoming the first shipping line to achieve zero-emission shipping, introducing a specific segment on its progress in this year’s sustainability report. Responding to this report from leading expert Dr Tristan Smith, a…
Maersk could cut CO2 faster with retrofits, says UCL Read More »