Credit has become the taboo topic of the bunker industry since the announcement by the International Maritime Organization that a 0.5% global marine sulfur cap will be introduced from January 1, 2020. After running on easy credit from the banks, as pur…
Credit Needs To Come Out Of Shipowners’ Blind Spot Read More »
With IFRS 16, the new lease accounting standard, coming into effect soon, shipping companies need to prepare for the new presentation and disclosure requirements. Many will need to make changes to their systems in order to be ready. Lessees face most c…
The number of ships sold for scrap has apparently slowed down a bit, during the course of the past week, as the market has paused a bit. Nevertheless, tankers are still the main candidates, as bulkers are enjoying a healthy rise in freight rates lately…
Demolition Market Slows Down, as Tankers are Still the Main Scrap Candidates Read More »
The International Maritime Organization (IMO) adopted regulations in 2008 that have been incorporated into Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL Convention). The IMO regulations contained in Annex V…
IMO — 2020 Restrictions Will Sharply Reduce Sulfur Emissions From All Ships Read More »
There were a total of 113 ships broken in the third quarter of 2018. Of these, 79 ships were sold to the beaches of South Asia for dirty and dangerous breaking [1]. Between July and September, three workers have lost their lives when breaking ships in …
Shipbreaking: 113 Ships Sold for Scrap During the Third Quarter of 2018 Read More »