The pace of shipping’s recovery could be determined by the so called “vaccine race”. In its latest weekly report, shipbroker Allied Shipbroking said that “here we are, but a few days before the end of a very eventful year, while the focus amongst many …
“Vaccine race” Could Determine the Pace of Shipping’s Recovery Read More »
Whilst the world is adapting to the new normal, the shipping industry still struggle with the challenges and uncertainties brought on by the COVID-19 pandemic. A major hurdle facing shipowners has been crew changes. Notwithstanding global efforts to im…
Crew changes during COVID-19 – a new flashpoint for charterparty disputes? Read More »
2020 marked the implementation of the much anticipated global 0.5% m/m sulphur cap regulation, commonly referred to as IMO-2020. However, the potential consequences from the fallout of IMO-2020 were overshadowed by the impact of COVID-19. The pandemic …
Regulation Update 2020/21 Read More »
As Middle East crude oil exports are a vital part of the tanker market, it’s worth taking a look at the latest market fundamentals. In a recent weekly report, shipbroker Banchero Costa said that “Kuwait is the fourth largest exporter of crude oil in th…
Choppy waters: Rebalancing of crude tanker market looks difficult as demolitions decline. The ongoing lull in scrapping activity is a worrying sign for the crude tanker market which is struggling with overcapacity. Moreover, a sharp decline in vessel e…
Rough Seas Ahead For Crude Tanker Market As Demolitions Drop Read More »