Ship CII ratings will be released imminently for their performance in 2023. However, with the low take-up of Bimco’s CII Time Charter Clause and with many in the industry questioning whether CII is truly fit for purpose, Ian Short examines whether ther…
CII – Does it Matter? Read More »
Emission trading systems (ETS) are “cap and trade” schemes that permit the emission of greenhouse gases in exchange for allowances. They are just one part of the ever-expanding web of environmental measures that are impacting the shipping industry with…
Emissions trading begins to bite Read More »
From 1 January this year, global shipping is now a part of the European Union’s Emissions Trading System (EU ETS), one of the Union’s main tools to curb greenhouse gas emissions. And whilst it is a significant policy shift that will boost the sector’s …
How the extended EU Emissions Trading System will impact maritime transport and ports Read More »
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuild activity over the coming years. “Like everything else, supply and demand forces dictate the marke…
Strong outlook for the tanker market in 2024 and beyond Read More »
In the third week of February, the VLCC MEG-China route garnered market interest, spurred by a recent upturn that reached highs not seen since the beginning of January. Conversely, the Suezmax Wafr to Continent route experienced a steady downward corre…