In its latest monthly report, OPEC painted a pretty picture on the course of the tanker shipping market. It said that Average dirty spot freight rates in the tanker market increased in August from the previous month by 7%. The average increase was driv…
Tanker Market: Freight Rates on the Up During August Read More »
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fitted with scrubbers will represent only a tiny percentage of the world fleet, according to forecasts. Ther…
Small percentage of the world fleet will fit scrubbers – forecasts Read More »
The problem started with fuel supplied in the US Gulf region, particularly in the Houston area, but the problems quickly spread to Panama. More recently, similar problems have been encountered with fuel supplies out of Singapore.[1] So although the pro…
Contaminated bunkers – “The Houston Problem” Read More »
Newbuilding ordering activity is gaining pace over the course of the past few days, as ship owners are looking to push forward with their fleet modernization and expansion plans. In its latest weekly report, shipbroker Allied Shipbroking said that “wit…
Newbuilding Orders Gather Momentum After Summer Lull Read More »
The world of bunkers is heading for rapid and fundamental changes and not just because of the 0.50% sulphur cap in 2020. While IMO and stakeholders are working hard to deal with this unprecedented global fuel specification change, discussions have move…
Marine Bunkers: The end of the world as we know it Read More »