The impending enforcement of the Hong Kong Convention is bringing some turbulence in the ship recycling market, as compliance is a key factor. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “as the…
Ship Recycling Activity Under the Hong Kong Convention Influence Read More »
New research shows propulsion energy saving devices could deliver up to 10% fuel reduction while fewer than 2% of global fleet currently equipped. Demand for advanced propeller retrofits and energy saving devices (ESDs) has nearly quadrupled since 2020…
Demand for propeller retrofits surge four-fold but adoption remains limited Read More »
Navigating the intricacies of the USTR 301 China Service Fee involves understanding the new regulations and fees imposed by the USTR on various maritime transport services with a Chinese nexus. These measures are part of a broader effort by the US gove…
USTR Notice of Action 301: China’s targeting of maritime, logistics, and shipbuilding Read More »
Activity in the newbuilding and S&P markets appears to be slowing down lately, as global economic headwinds are taking a toll. In the newbuilding market, shipbroker Banchero Costa said in its latest weekly report that “in the tanker sector, Pan Oce…
Ship Owners Slowdown Their Investments As Global Economic Uncertainty Persists Read More »
In October, the International Maritime Organization is set to adopt a legally binding framework to reduce greenhouse gas (GHG) emissions from ships over 5,000 GT, pending entry into force in 2027. Including a new fuel standard and a global pricing mech…
Ethanol Makes Its Case In Maritime Decarbonisation Read More »