The Brazilian economy is on track to expand by 1.8% this year, a downward revision from the International Monetary Fund’s (IMF) initial expectation of 2.3% in January. This downward revision is due to lower than expected consumption, exacerbated by fue…
Product Tankers: The Return of Brazilian Demand Read More »
The tanker market was mixed during September, as smaller classes like the Suezmax and Aframax benefitted from the hurricane seasons, while VLCCs were flat, as oversupply issues still hampered the segment’s recovery, said OPEC in ints latest month…
Hurricane Season Boosted Tanker Markets in September Read More »
With less than eighteen months before Regulation 14.1.3 of Annex VI of the MARPOL Convention comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the Regulation …
A Practical Overview of the IMO 2020 Sulphur Cap Read More »
On 24 September, China released a second list of goods which will attract a 10% tariff on imports from the US. Interestingly, LNG did not feature in the first list, but it was included in the second. China also indicated that it may eventually impose a…
China prepares for life without US LNG Read More »
The demolition market for older ships is picking up pace as of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “since last week’s high profile Container sale, many owners decided to pull the trigger on some of their vinta…
Demolition Market Picking Up, Freight Rates Could Follow Suit Read More »