It’s been quite some time now, since the analysis on the course of the global shipping industry started taking a closer look to the way that the global economy is moving. As such, 2018 is already at risk of not fulfilling the expections that many…
Central Bank and Shipping: What does the future hold? Read More »
Arcadia Shipmanagement Co. Ltd. selected ABS Advanced Solutions to implement an Enterprise Asset Management (EAM) Program to further enhance the reliability of its 15 tanker fleet. “Arcadia Shipmanagement Co. Ltd.’s implementation of the ABS Enterprise…
Arcadia Shipmangement Signs ABS Advanced Solutions Enterprise Asset Management Agreement Read More »
Cargo supply for VLCC tonnage in the Middle East picked up considerably during the course of the past week. In its latest weekly report, shipbroker Charles R. Weber said that “rates in the VLCC market extended gains this week on sustained demand streng…
VLCC Fixtures in the Middle East Pick Up Read More »
With bunker costs now at an average of 30% higher compared to the comparative period of the past year, it’s inevitable that Worldscale Rates (WS), the standard used to determine tanker freight rates in benchmark routes is bound to shift this year. In i…
Tankers: Higher Bunker Costs Will Lead to Increased WS100 of up to 17% Read More »
By now, it’s no secret that the tanker market is in dire straits for quite some time. However, according to Teekay, an unlikely “knight in shining armour” could come in the form of the IMO 2020 rule, regarding the use of low-sulphur fuels. In its…
Tanker Market Could Rebound on IMO 2020 Rule Read More »