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While for much of the year, the focus has been on what ship owners will do with their older ships, the demolition market is now undergoing a structural shift, after the inclusion of yards in the European Union. More specifically, as shipbroker Clarkson…

Fifty years ago the world’s shipping industry was experiencing the onset of changes which were destined to have a lasting impact and shape the pattern of activities seen in today’s markets. This feature represents continuity. But there were events duri…

The Union of the Greek Shipowners (UGS) warmly welcomes the decision of the Maritime Safety Committee (London, December 3-7, 2018) of the United Nations International Maritime Organization (UN IMO) to confirm its exclusive competence regarding safety i…

As expected tanker values have started to pick up of late, following the trend set in the freight market. In its latest weekly report, shipbroker Intermodal wondered whether the rise in crude carrier rates is driven only by seasonality, or is the recen…

Opec-led output cut expected to hurt tanker demand Opec and its Russia-led partners will reduce oil supply by 1.2 million bpd in the first half of 2019. The Organization of Petroleum Exporting Countries (Opec) and its Russia-led allies have reached an …