The traditional class and statutory survey regime consisting of annual and five-year cycles has been shown to be too rigid for mobile offshore units (MOUs). Leveraging advanced digital technology, DNV GL’s revised Offshore Rules published in January 20…
New rules for MOUs – Classification for smarter operations Read More »
In its latest weekly report, shipbroker Affinity Research wondered whether we are sailing into the calm after the storm for Suezmax markets? Rather unlikely. The end of second decade May inquiry is still outstanding, and whilst Singaporean ballasters a…
Tankers: Suezmax Market in the Clear? Read More »
Shipping markets are by their nature cyclical, but anticipating the timing of market cycles is rarely easy in practice, not least because shipping’s cycles are so enmeshed with other economic cycles, notably in underlying commodity markets. For example…
Wheels Within Wheels: Shipping And Oil Market Cycles Read More »
The tanker market could be in for a positive surprise in the near future according to shipbroker reports. In its latest weekly report, shipbroker Allied Shipbroking said that “the drive for further oil production continues as prices for crude oil reach…
Tanker Market Could Recover in the Short-Term Read More »
Interest to ship US crude into the European market has been rising in recent weeks, driven by a combination of increased demand in the latter and favorable crude pricing. Suezmax and Aframax spot activity to load end April/early May has increased in th…
Europe Pulls US Crude Read More »