India is gearing up to be one of the major markets for crude oil demand, together with China. In its latest weekly report, shipbroker Gibson noted that “India, along with China has long been revered as a key driver of world oil demand growth. However, …
Tankers: New refining capacity in India to trigger crude demand Read More »
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization (IMO) on Friday (26 October), during the current session of the Marine Environment Prot…
IMO: Implementation of sulphur 2020 limit – carriage ban adopted Read More »
Deals aren’t being concluded as fast as they could be, based on the number of candidates in the ships’ demolition market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it would appear that we have returned to the ‘unknown’ z…
Demolition Market In Limbo Read More »
The push for the international shipping industry to reduce its role in global air emissions has resulted in new environmental rules and regulation being introduced at an accelerated pace. The industry needs to take action in order to ensure compliance…
New emission regulations in shipping Read More »
With the IMO 2020 deadline looming, shipowners around the globe are faced with a difficult choice. The time for hoping the enforcement of emissions regulations will be delayed has passed, and owners are now forced to decide on how they will comply. Unt…
Scrubbers – the retrofit wave is coming Read More »