With traditional banks cutting back on ship financing and owners increasingly looking to alternative ways of financing their fleet renewal and investment programmes, loan portfolios have been tumbling down. In its latest annual survey, Petrofin Bank Re…
Global Shipping Loan Portfolios’ Drop to $345 billion says Petrofin Bank Research Read More »
The 72nd session of the Marine Environment Protection Committee met in London from 9 to 13 April 2018. This Update provides additional information to that reported in the MEPC 72 Brief, issued on 13 April 2018. MARPOL AMENDMENTS ADOPTED MARPOL Annex VI…
In its latest monthly report, OPEC painted a pretty picture on the course of the tanker shipping market. It said that Average dirty spot freight rates in the tanker market increased in August from the previous month by 7%. The average increase was driv…
Tanker Market: Freight Rates on the Up During August Read More »
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fitted with scrubbers will represent only a tiny percentage of the world fleet, according to forecasts. Ther…
Small percentage of the world fleet will fit scrubbers – forecasts 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.[1] So although the pro…
Contaminated bunkers – “The Houston Problem” Read More »