The IMO decision to limit the sulphur content of ship fuel from 1 January 2020 to 0.5 per cent worldwide, and the recently adopted resolution to reduce greenhouse gas (GHG) emissions by 50 per cent by 2050, will change the future mix of ship fuels dram…
Alternative fuels: the options Read More »
As the tanker sector is still trying to recover part of the lost ground of the past couple of years in terms of earnings, shipbroker Charles R. Weber, in a recent research analysis, noted that supply fundamentals are bound to improve in the near future…
Suezmax Tanker Owners Can Find Hope for 2019, Unlike their VLCC Counterparts Read More »
With the IMO 2020 rule a year and a couple of months away, scrubber systems are beginning to make waves among shipowners, with reports from DNV GL that over the past six months, more than 1,000 of them have been sold. In its latest weekly report, shipb…
Close to 2,000 Scrubbers Already Sold or Retrofitted Onboard Existing Global Fleet Read More »
The tanker market appears to be bottoming out according to shipbrokers. As a result, shipowners are seeking more and more wet tonnage in bargain prices, looking to invest while prices are still subdued. In its latest weekly report, Intermodal said that…
Tankers In Demand as Shipowners Are Making Moves Expecting the Market to Rebound Read More »
The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At …