Fuel Oil Non-Availability Report (FONAR) is primarily a discretionary tool for a Member State to lessen the breach of MARPOL Annex VI, it is not an exemption but rather a self-declaration by owners that a breach has or is about to occur. IMO’s Ma…
MARPOL ANNEX VI – Sulphur Cap 2020 – Demystifying the FONAR Read More »
While not much can be said at this point about the supply-demand equation of the dry bulk market, shipbrokers are looking at other factors, which are having an impact in freight rates, trying to gauge its future direction. In its latest weekly report, …
Dry Bulk Market: Uncertainty Dent the S&P Market Read More »
In a little over 6 months the new IMO low-sulphur rule will come into effect. Few contest the change will have anything other than far-reaching consequences for the global container shipping industry and its users, but many BCOs remain uncertain about …
Final countdown to 2020: How one BCO handled the IMO 2020 rule change Read More »
On 17 May 2019, the US announced that it had reached agreements with Canada and Mexico to remove the US tariffs imposed on steel and aluminium products from those countries pursuant to Section 232 of the Trade Expansion Act of 1962, as well as the reta…
Trade now more fluid in North America Read More »
Many question marks still linger regarding the expected rebound of the product tanker freight rate market, as we approach the second half of the year, when many ship owners are predicting a rally, on the back of the IMO 2020 rules. In its latest weekly…
Product Tankers: Will the Market Rally During the Second Half of 2019? Read More »