Sustained pressure on governments to regulate the shipping sector’s climate impact has finally resulted in a pledge to require international shipping to at least halve its greenhouse gas emissions by 2050. However, states meeting at the International M…
After UN deal on shipping emissions, it’s now up to Europe ‘to get things moving’ Read More »
Ship owners appear to be making a run to contract more newbuildings, in the expectation that prices will increase in the future, not to mention the added uncertainty over the new environmental rules. In its latest weekly report, shipbroker Allied Shipb…
Newbuilding Activity Still Quite High Say Shipbrokers Read More »
Following the onset of the global financial crisis, the number of active shipyards globally has declined rapidly, reaching 350 as of start April 2018. This trend is most notable in China, where although state interests support state-backed yards, many …
Chinese Shipbuilding: State Yards Still Working Out? Read More »
With less than two years before the sulphur cap comes into force, LNG is looking more plausible as the marine fuel of the 21st Century. Many shipowners are still weighing up the dilemma of how to comply with the stringent new rules on sulphur emissions…
LNG: fuel of the future? Read More »
A series of reasons is behind the increased tanker demolition activity so far this year and it’s not just the market demise, or an aging fleet. In a recent note, Mcquilling Services LLC said that “the tanker demolition market has picked up the pace in …