The newbuilding market has been gearing up for the summer lull, as vacations near and ship owners are reluctant to commit more capital, amid a trade war of global proportions. In its latest weekly report, shipbroker Allied Shipbroking noted that it was…
Newbuilding Activity Quietens Down Read More »
There appears to be significant support among IMO member States to ensure consistency in fuel oil testing and verification procedures for the verification of compliance with MARPOL Annex VI sulphur limits through regulatory amendments. The intersession…
IMO working group makes progress on sulphur testing and verification issues Read More »
Tanker owners are finding it hard to catch a break these days, as a mere rise in freight rates is quickly compounded by increasing bunker costs and a lull in demolition activity, due to the monsoon season. In its latest weekly report, shipbroker Charle…
VLCC Market Finds it Hard to Catch a Break Read More »
VLCC Charterers have not been under pressure in the ME Gulf as they have been drip-feeding enquiry into the market and this has led to rates easing, with CNOOC able to fix 270,000mt to China at WS 47 in contrast to WS 48/50 region last week. Likewise f…
After an extensive study project, Eco Marine Power (EMP) has today released some of the key findings related to the use of solar power on ships and the selection and installation of related equipment. This study was carried out over a 5 year period and…
Key Findings from Ship Solar Power Study Released by Eco Marine Power Read More »