In a press release dated 28 September 2018, ClassNK advises existing ships to install ballast water management (BWM) systems early on. An analysis of the retrofitting status of its registered ships confirms that, as of the end of August 2018: -a total …
Do not wait too long before installing BWM systems Read More »
With just over a year until the new marine fuel regulations are put in place, ship owners are heavily investing in scrubbers, while others are still facing dilemmas, regarding their future plans to comply with these regulations. In its latest weekly re…
Bunker Fuels and IMO 2020: Dilemmas Everywhere Read More »
With the resurgence of ships’ demolition sales critical for the rebalancing of the supply-demand equilibrium in the shipping markets, it’s probably good news, that prices offered by scrapyards are starting to rise once again, a trend which …
Demolition Rates Picking Up, Sales Expected to Follow Suit Read More »
The tanker market is readjusting to the Iranian sanctions and the Chinese Holidays already underway. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates were strengthening this week and are poised for more substantial gains i…
VLCC Market Is on the Mend… For Now At Least Read More »
The implementation of the global 0.5% sulphur cap for bunker fuel under MARPOL Annex VI in just under 18 months’ time has been well publicised. Concerns about the cost of complying with this low sulphur cap and whether there will be sufficient availabi…