After a dismal 2018, tanker owners could harbor further hope for a freight rate market revival, as China’s thirst for crude oil imports is stronger than ever. In its latest weekly report, shipbroker Banchero Costa said that “as recorded at the en…
Strong Chinese Oil Imports Could Offer Boost to the Tanker Market Read More »
Financially vulnerable carriers could be pushed into M&A by the extra costs associated with the new low-sulphur fuel law. If that happens, how might competition on key trades be affected? Most of the major carriers have now reported full-year 2018 …
A number of factors have been coming into play, when it comes to determining freight rates in the product tanker market. In its latest weekly report, shipbroker Gibson said that “over the past few weeks, MRs trading out of Europe have continued to outp…
Product Tanker Rates Facing More Volatility Moving Forward Read More »
The shipping industry faces a world of uncertainty as IMO 2020’s forthcoming rule changes the makeup of marine fuels to a lower 0.5% sulphur requirement. Ship owners will lean heavily on the supplies of complex Gulf Coast refiners that can turn t…
IMO 2020’s knock-on effects for Gulf Coast waterborne crude flows Read More »
Ship owners should be prepared for a lengthy and high cost process of constant revamping of the existing fleet of ships, as more and more bans and regulations are being put into force, with a view to limiting the industry’s environmental impact. …
High Cost Fleet Upgrades to Dominate Shipping Industry in the Years to Come Read More »