A series of reasons is behind the increased tanker demolition activity so far this year and it’s not just the market demise, or an aging fleet. In a recent note, Mcquilling Services LLC said that “the tanker demolition market has picked up the pace in …
The traditional class and statutory survey regime consisting of annual and five-year cycles has been shown to be too rigid for mobile offshore units (MOUs). Leveraging advanced digital technology, DNV GL’s revised Offshore Rules published in January 20…
New rules for MOUs – Classification for smarter operations Read More »
The move towards container leasing and away from carrier ownership continues unabated and the leased fleet now has a clear majority over that owned by transport operators, according to the latest edition of the Container Census & Leasing and Equipm…
Lessors strengthen their grip on the container equipment market Read More »
In its latest weekly report, shipbroker Affinity Research wondered whether we are sailing into the calm after the storm for Suezmax markets? Rather unlikely. The end of second decade May inquiry is still outstanding, and whilst Singaporean ballasters a…
Tankers: Suezmax Market in the Clear? Read More »
Shipping markets are by their nature cyclical, but anticipating the timing of market cycles is rarely easy in practice, not least because shipping’s cycles are so enmeshed with other economic cycles, notably in underlying commodity markets. For example…
Wheels Within Wheels: Shipping And Oil Market Cycles Read More »