2019 was a year in which Greek shipfinance levels stood still at $53.1bn said Petrofin Bank Research in its latest annual survey. Bank shipfinance for Greek shipping has slowed down its decline further to -0.13% compared to -1.52% during 2018 from -5.6…
Hellas: Ship Financing Reaches $53.1 Billion As Local Banks Gain More Market Share Read More »
The Aurora Spirit, launched at Samsung Heavy Industry’s shipyard in South Korea, is the first of six new-generation e-shuttle tankers ordered by Altera Infrastructure, formerly Teekay Offshore, and developed in close collaboration with Wärtsilä. What m…
Revolutionary e-shuttle tanker boasts improved efficiency and lower costs Read More »
The adoption of the ‘Initial International Maritime Organization (IMO) Strategy on Reduction of Greenhouse Gas (GHG) Emissions from Ships’ by IMO Resolution MEPC.304(72) in April 2018 demonstrates IMO’s commitment to support the Paris Agreement. The IM…
LNG as Marine Fuel: ABS Issues Guidance Read More »
The tanker market is bound to face some challenging times ahead, claims shipbroker Intermodal. In its latest weekly report, “after experiencing record earnings during the first half of the year, the focus of headlines concerning the tanker market has s…
Product Tankers’ Demand Could Fall By 6% Read More »
The IMO low sulphur fuel cap introduced in January 2020 has not eradicated the potential threats from cat fines, sludge, compatibility issues, asphaltene and fuel stability – the five key issues that can damage the health and maintenance of diese…
VLSFO – Threats Still Remain For Shipowners Read More »