Fortunes have improved in the tanker market as of late, as per the latest monthly OPEC report. In October, tanker spot freight rates for dirty vessels increased considerably, with gains being registered across all classes trading on all major routes. A…
Tanker Market On a High Note Read More »
Instances of damage to vessels’ machinery, including engine breakdowns, as a result of contaminated fuel have reached unprecedented levels. Since the first reports of this ‘bad bunker’ fuel appeared in Houston at the beginning of 2018, it is thought th…
‘Bad bunkers’ – common challenges, recommended actions Read More »
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member. Alfonso Castillero, CCO of the Liberian Registry, says, “We are greatly honoured to be the first ship registry admitted as …
Liberia becomes first flag state to join the Maritime Anti-Corruption Network Read More »
Earlier this month, the US re-imposed sanctions on Iran, banning global exports threatening heavy penalties on any country that continues to trade with the middle-eastern nation. According to US secretary of state- Mike Pompeo during an address on the …
Impact of US sanctions on the tanker market Read More »
As ship owners kept looking for signs of sustainable rebound in freight rates, good news were absent this week from the supply side, as demolition activity was lacklustre. In its latest weekly report, Clarkson Platou Hellas said that “it has been a fai…
Festivities Disrupt Demolition Market Read More »