The problem started with fuel supplied in the US Gulf region, particularly in the Houston area, but the problems quickly spread to Panama. More recently, similar problems have been encountered with fuel supplies out of Singapore. Although the problem i…
Contaminated bunkers: “the Houston problem” Read More »
Despite the fact that ship owners appeared to be pushing for higher VLCC rates over the course of the past week, a rebound in freight rates wasn’t able to be materialized, as a result of abundant tonnage availability. In its latest weekly report,…
The new International Maritime Organization (IMO) Low Sulphur Regulation will be effective from 1 January 2020 and will require all shipping companies to reduce their Sulphur emissions by 85%. This new regulation aims to reduce the environmental impact…
CMA CGM estimates low-sulphur rule will cost $160 per container Read More »
With a rebound proving to be elusive in the VLCC tanker segment, it seems that all prospects for the realization of such a recovery hinge on older units being sold for scrap. In its latest weekly report, shipbroker Gibson pointed out that “robust scrap…
Tankers: It’s All About Demolition Activity In The Hunt For VLCCs’ Rebound Read More »
With the majority of ship operators expected to choose low-sulphur fuel over scrubbers to comply with the new IMO sulphur cap regulation, all eyes are on fuel suppliers and whether they can provide what the industry needs. According to Niels Henrik Lin…
Shipowners urgently need a fuel-management plan Read More »