What do we mean by ’autonomous’? The International Maritime Organisation (IMO) recognises that autonomy is a ‘spectrum’ yet, for the purposes of examining regulatory changes, it has defined a MASS as a ship which, to a varying degree, can o…
Maritime autonomous surface ships – identifying and covering the risks Read More »
Ship owners seem to be more inclined to invest in secondhand tonnage, rather than committing to long-term investments, i.e. newbuilding orders, as regulatory and market uncertainty is clouding the industry’s prospects. This seems to be a trend wh…
Ship owners Still Favor S&P Market Over Newbuilding Orders Read More »
The 0.50 percent limit for sulphur content in ships’ fuel oil will take effect on 1 January 2020 and will have a significant beneficial impact on human health and the environment. The Sub-Committee on Pollution Prevention and Response (PPR 6) agreed dr…
IMO: Consistent implementation of 2020 sulphur limit – draft guidelines finalized Read More »
In response to news on China’s Dalian port restricting seaborne coal imports, Wood Mackenzie’s experts provide the following commentary. Wood Mackenzie senior consultant Yu Zhai said: “We estimate China’s seaborne metallurgical …
China restricts seaborne coal imports Read More »
Things are heating up in the crude tanker market with VLCCs reaping the benefits so far. In its latest weekly report, shipbroker Charles R. Weber said that “last week’s influx of USG inquiry buoyed rates across the globe on the VLCC sector, as eastboun…
VLCC Owners Holding Out For Further Rate Increases Read More »