Shipping guidelines and recommendations are encouraging shipowners and operators to focus mainly on bureaucratic, procedural controls. This might feel like a cheaper, easier way to address the “cyber security problem”. But there is a risk it will turn …
Security through bureaucracy is pain with limited gain Read More »
The tanker market was in reverse mode during the month of July according to the latest report from OPEC. Dirty tanker rates broadly trended lower across most routes in June, as the stellar rates seen earlier in the year receded. The decline in rates wa…
Tanker Market On Decline During July Read More »
The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 fell by 1 point (from 65 to 64 the year before), pointing to a possible stabilisation of the decline of global shipping portfolios. Top 40 Banks’ lending to shipping fell from $3…
Key Developments and Growth in Global Ship Finance Read More »
Charter rates for multipurpose (MPV) ships, including both breakbulk and heavylift vessels, are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not c…
Covid-19 to stifle investment in multipurpose and heavylift shipping Read More »
The tanker is about to benefit from a potentially successful dealing with the current health crisis. In its latest weekly report, shipbroker Intermodal said that “the Covid-19 virus spread around the world has obviously impacted the global oil demand w…
Tanker Market To Benefit From Successful Handling of COVID-19 Read More »