Low recycling prices for vintage tonnage are expected to hinder any increase in the number of units sold over the next few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “we are trying to establish from where a concessi…
Summer “Lull” Ahead for Ship Recycling Read More »
The Russia-Ukraine war and sanctions on Russia’s refined products have created a void in the European market, which is counterbalanced largely by South Asia. The product tanker sector has been gaining from the ongoing geopolitical tensions as a sudden …
Geopolitical tensions redefine the new normal for product tankers Read More »
SEEMP Part III represents the International Maritime Organization’s decarbonisation ambitions. The regulation requires ships of at least 5,000 GT and which trade internationally, except passenger ships, to have a verified Ship Energy Efficiency M…
Why it’s time to act on SEEMP Part III Read More »
The dry bulk market could be entering a more bearish period in the coming weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “it is without question that the dry bulk sector has been on a gloomy path these past few months or so…
Dry Bulk Market: Stormy Weather Ahead? Read More »
The BIMCO Emission Trading Scheme Allowances Clause has been published with the aim of allowing owners and charterers to allocate responsibility for vessels complying with, inter alia, the EU’s emissions trading scheme (ETS). The application of the EU …
Parsing the BIMCO Emission Trading Scheme Allowances Clause Read More »