There’s always a reason behind any sudden surge in tanker market rates and this time around is no different, especially if ones takes note of the days which led to last week’s spike. In a recent weekly report, Allied Shipbroking said that o…
Tanker Market: The Oil Price – To – Freight Demand Correlation Read More »
On 31 August 2018 the Bahamas, Liberia, Marshall Islands, Panama, BIMCO, INTERCARGO and INTERTANKO cosponsored and submitted a document to the Marine Environmental Protection Committee (MEPC) 73 meeting taking place 22-26 October 2018. MEPC 73/5/14, Sa…
Yesterday, the IPCC released the much anticipated Special Report on 1.5°C in Incheon, South Korea, as requested by world governments in the Paris Agreement. The release follows a week-long plenary editing session during which scientists responded to go…
IPCC climate report raises pressure for shipping CO2 cuts Read More »
This week’s big news, from a shipping market’s standpoint, was the spike of the VLCC tanker market. Shipbroker Gibson noted in its latest weekly report that “the highlight of this week’s trading has been an impressive spike in spot VLCC rates, with dai…
As VLCC Rates Spiked, Product Tankers Are Still Reeling Under Pressure Read More »
The 1st of January 2020, the date when the permissible level of sulphur in fuel is lowered from 3.5% down to 0.5%, is fast approaching. To meet demand, in addition to low sulphur distillates, the fuel market will also include a number of new hybrid and…