Ship owners are actively looking to offload their older tankers, but with freight rates still below par, decisions have to be made soon and these aren’t helped by the general market sentiment, local conditions and the Easter Holidays. In its late…
Tanker Demolitions at the Forefront, Although Activity Could Soon Subside Read More »
In the oil tanker market, 2016 and most of 2017 were characterised by deliveries far outpacing scrapping, with an average of 12.5 dwt of oil tanker tonnage delivered in 2016 and 1H 2017 for every one dwt of tonnage demolished. However, this trend began…
Weighing In On Oil Tanker Recycling And Deliveries Read More »
International shipping is bound for significant changes in the way it operates in the coming years. With the upcoming IMO MEPC, there’s a flurry of activity going on. Hereby, Hellenic Shipping News offers you the key studies IMarEST has submitted…
With most ship owners adopting a wait-and-see stance, when it comes to adopting solutions ahead of the 2020 IMO rule on low-sulphur marine fuels’ use, a trend seems to be slowly, but surely emerging. As things stand, pushing towards a single, che…
The tanker markets have been seeing elevated levels of removals as weak earnings continue to push returns at or below opex levels in many markets. The number of ships that are on the water and equal to their scrap value only has increased. This is no g…
Demolition of Tankers Reaches Multi-Year Highs, as More Bulkers Remain in Service Read More »