The ships’ recycling market has been mixed during 2019, with the first half being rather normal, before plunging by 20% over the second half, mainly as a result of improved freight rate markets. In its latest report, shipbroker Clarkson Platou Hellas s…
Strong Shipping Market Hurt Demolition Market During Second Half of 2019 Read More »
As 1 January 2020 approaches and the sulphur regulation from the International Maritime Organization (IMO) comes into force, BIMCO is experiencing an increase in questions related to the discord between the verification produces for statutory fuel oil …
BIMCO Publishes Interpretation Of Discord Between Fuel Oil Samples Read More »
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a level playing field. Of course, we need deterrents, but IBIA would like to stress that while enforcement …
IMO 2020 compliance: it’s up to us to be good citizens Read More »
Ship owners have sought to seal a number of deals prior to the end of 2019, both in the newbuilding and the second hand markets. In its latest weekly report, shipbroker Allied Shipbroking noted that “things remained interesting for yet another week in …
2019 Ends With Plethora of Newbuilding and S&P Deals Read More »
In a few weeks, IMO’s ‘global sulphur cap’ will take effect. The permitted levels of SOx in ship emissions will be restricted in association with the revised MARPOL Annex VI, ie the current sulphur limit of 3.5% of any fuel oil used onboard ships will …
Exhaust Gas Cleaning Systems (Scrubber) Guidance Read More »