Demand BIMCO expected the crude oil tanker market to continue its struggle from 2017, but the magnitude of it has been staggering, as evidenced by the worst freight rates on record. This is particularly true for crude oil tankers, but the oil product t…
A record poor tanker market with a growing fleet is prolonging the crisis Read More »
There has been a significant trend developing around wind propulsion technologies over the last 12 months and with potential fuel savings of 10-30% for retrofit installations and up to 50% for optimised new builds it is no wonder that the industry is s…
Five Misconceptions of Wind Propulsion Solutions for Commercial Vessels Read More »
As we enter the final part of 2018, a resurgence in demolition activity, which has retreated over the course of the summer months, would be very welcome, in order to further alleviate overtonnage issues in various parts of the shipping market, most not…
Demolition Activity Crucial For Shipping Market Relief Moving Forward Read More »
No Fukushima like disasters, demolitions have only been a handful and deliveries have remained strong, yet, LNG spot charter rates have touched the highest mark since the summer of 2012. In this piece, we investigate what is driving the rally of the LN…
What is driving the summer rally of LNG spot charter rates? Read More »
Why is the problem so complex? It is chiefly for three reasons: -The source of the contamination is still unknown. -The problem is widespread and not limited to a region or supplier. Incidents have been reported following fuel oil deliveries in the US …
Contaminated bunker issue continues to spread Read More »