The cap means that the sulphur content of fuel oil used on board commercial ships trading globally must not exceed 0.50% m/m. This is a reduction from the current global limit of 3.50% m/m that applies outside of designated emission control areas (ECAs…
The final countdown…the 2020 sulphur cap Read More »
The container shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown future enga…
A foggy outlook for container shipping, but a brighter tomorrow still likely Read More »
The slump of newbuilding orders during the first quarter of 2019 is expected to hold firm in the months to come, with a few exceptions, like for instance LNG carriers and possibly product tankers as well, on the back of improving market conditions. In …
Shipbrokers Expect More Newbuilding Orders in the Product Tanker Segment Read More »
BIMCO will open an office in Athens in the early summer of 2019. The objective is to have a stronger and closer dialogue with BIMCO’s Greek membership and to recruit more Greek members. The Greek shipowners are already the biggest group of BIMCO member…
BIMCO to open Athens office Read More »
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned today that avoiding overcapacity and unsustainably low freight rates is still a major challenge ten years after the massive downturn of …
Oversupply Still Major Challenge Warns ICS Read More »