Ships’ recycling activity has been the negative “star” of today’s shipping market, with tonnage sold for scrap failing to reach Southeast Asias’ shores. As a result, concerns are bound to be raised on the future balance of supply-dema…
Demolition Market Comes Back to “Life”, Albeit in “Slow Motion” Read More »
Using scrubbers while burning residual fuels would help reduce global CO2 levels, a new study published by Norwegian researchers confirmed. The continued use of heavy fuel oil with an exhaust gas cleaning system (EGCS) is the most environmentally benef…
Norway: New Study Confirms Scrubbers Would Aid Global CO2 Reduction Read More »
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engine emissions from 3.5% currently to 0.5% or less from 1st January 2020. It may seem an arcane rule change, but t…
Shipping fuels, crude oil markets and the environment Read More »
Normal service has been resumed, as ship owners have returned to the S&P market, lowering their “appetite” for newbuildings. In its latest weekly report, shipbroker Banchero Costa said that “two modern NewCastelmax, the Bulk Seoul and Bulk Shanghai…
Ship Owners Return to the S&P Market Read More »
Amid intense competition in the tanker market, ship size and cargo flexibility are key differentiators. As a result, there is a trend among operators to prefer LR2-type tankers which, in contrast to the equally sized Aframax crude oil tankers, have coa…
New tanker generation calls for new rules Read More »