With availability no longer an issue, ship owners are lamenting the significant rise in operating costs, due to the IMO 2020 rule. The reason being the almost doubling of fuel costs. In its latest weekly report, shipbroker Intermodal said that “the ear…
IMO 2020: Price of Fuel the Main Reason of Concern for Ship Owners Read More »
Dry bulk owners are still keen on more investments in dry bulk tonnage, both newbuildings and second hand vessels, despite the fact that the dry bulk market is experiencing one of its most severe periods of downwards pressure, now at a 9-month low. In …
Shipowners Keep Investing in Dry Bulkers Despite Market Demise Read More »
With 2019 marking one of the low-points of the past decade, in terms of ships’ demolition activity, things need to pick up pace in 2020, for the shipping markets to start recovering. In its latest weekly report, shipbroker Clarkson Platou Hellas …
Ships’ Recycling Activity Needs to Pick Up Pace in 2020 Read More »
2020 has already started with a “bang” when it comes to the tanker market after the latest developments in the Middle East. In its latest weekly report, shipbroker Gibson said that “2020 is already turning out to be a highly volatile year. Most tanker …
Tanker Market: The Latest Variables to Affect Freight Rates Read More »
Compliance with the new IMO 2020 rule is causing various headaches among ship owners. In a recent report, Intermodal said that “as we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to…
Dealing With IMO 2020 Compliance Read More »