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 …
The number of ships sold for scrap has apparently slowed down a bit, during the course of the past week, as the market has paused a bit. Nevertheless, tankers are still the main candidates, as bulkers are enjoying a healthy rise in freight rates lately…
Demolition Market Slows Down, as Tankers are Still the Main Scrap Candidates Read More »
The International Maritime Organization (IMO) adopted regulations in 2008 that have been incorporated into Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL Convention). The IMO regulations contained in Annex V…
IMO — 2020 Restrictions Will Sharply Reduce Sulfur Emissions From All Ships Read More »
An epidemic of ships experiencing fuel-related problems with seemingly on-spec fuels this year, starting in the US Gulf, has led to feverish speculation about the root causes with many predicting that this is a precursor for worse to come in 2020. Some…
IBIA: Barking up the wrong tree? Read More »