Crude oil tanker earnings have since records began, never been this bad. Earnings for Very Large Crude Carriers (VLCCs) in the first half of 2018 were as low at USD 6,001 per day on average, with a Suezmax tanker earning USD 10,908 per day and an Afram…
A Historically Bad Crude Oil Tanker Market Struggles To Find Solid Support Read More »
The enthusiasm for newbuild orders across most shipping markets has started to wane after over 10 billion dollars were committed in the first quarter of 2018. The total committed to new deliveries is now the lowest since the start of 2016. Ordering tre…
10 Billion USD Spent on Newbuilds in H1 2018 Read More »
The Methanol Institute has welcomed the decision of the International Maritime Organization (IMO) to invite the International Organization for Standardization (ISO) to develop a standard for methyl/ethyl alcohol as a marine fuel and a standard for meth…
ISO specification is another step forward for Methanol as marine fuel Read More »
Ship charterers of tankers are prepared to pay significant premium in order to secure tonnage fitted with scrubber technology, ahead of IMO’s 2020 rule. In its latest weekly report, shipbroker Gibson said that “one of the most hotly debated subjects in…
Ships Fitted with Scrubbers Most Preferred by Charterers Read More »
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 »