Ship implementation planning for the 2020 sulphur cap is on the agenda at a week-long meeting set to take place at the International Maritime Organization in July. The intersessional working group (ISWG) will work on guidelines to ensure consistent imp…
IBIA offers practical advice on tank cleaning to IMO 2020 planning meeting Read More »
Where there’s crisis, there’s also opportunity. As such, prices for tankers are starting to face further downward pressure, which could prove to be beneficial to cash-rich investors. In its latest weekly report, shipbroker Intermodal said that “the tan…
Tanker Market: Ships’ Prices Start to Follow Freight Market Rates to Lower Ground Read More »
NORDEN expects the product tanker market to significantly improve in the coming years. Therefore, the expansion of the tanker business continues. The first quarter saw a further increase of 1,965 ship days on charter capacity as NORDEN increasingly foc…
Activity in the ships’ demolition market has been slowing down over the course of the past few days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as the Eid holidays finally came to an end, there appears to have been …
Demolition Activity Falls As Tonnage Supply Dwindles Read More »
The price of prime aged vessels is expected to rise over the next two years. Putting extended trade disputes aside, most market segments have favorable tailwinds. The contraction of yard capacity is expected to support the replacement value of ships, w…
LR1 Tankers, Handysize Bulkers and Panamax Containers: Q2 Forecast winners Read More »