Liberia has submitted a paper to the IMO Marine Environment Protection Committee (MEPC) calling for early reporting on the availability of fuel oil that is compliant with the new 0.50 percent global fuel oil sulphur limit well in advance of 1 January 2…
Liberia calls for early reporting on 2020-compliant fuel availability Read More »
The newbuilding ordering market activity has taken a pause, after the recent increased pace of contracting say shipbrokers. In its latest weekly report, Allied Shipbroking said that “after a week of significant increases in reported activity, things sl…
Newbuilding Activity Takes a Breather Read More »
As the deadline for the IMO’s global low-sulphur fuel requirements fast approaches, it is necessary to carefully check the bunker clauses in the charter parties. The time to start thinking about what is in the charter party is not 1 January 2020. There…
Is your charter party ready for 2020? Read More »
The problem started with fuel supplied in the US Gulf region, particularly in the Houston area, but the problems quickly spread to Panama. More recently, similar problems have been encountered with fuel supplies out of Singapore. Although the problem i…
Contaminated bunkers: “the Houston problem” Read More »
Despite the fact that ship owners appeared to be pushing for higher VLCC rates over the course of the past week, a rebound in freight rates wasn’t able to be materialized, as a result of abundant tonnage availability. In its latest weekly report,…