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…
Rebound in Tanker Freight Rates Echoed in Ships’ Values As Well Read More »
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 …
Shipping Market Monitor: OPEC-led output cut expected to hurt tanker demand Read More »
Overview BIMCO has published two sulphur content related bunker clauses which are now available on the BIMCO website and on SmartCon, BIMCO’s contract editing solution. The two clauses are: • BIMCO 2020 Marine Sulphur Content Clause for Time Charter Pa…
BIMCO Publishes Two 2020 Sulphur Clauses Read More »
While the product tanker market segment hasn’t had the lackluster year of the crude tanker business, things haven’t been all that rosy as well. However, the past few weeks, there has been a positive trend in the freight market. In the MR tanker segment…
Product Tanker Markets Improving in Various Routes Read More »