The range of spot rates being paid has increased alongside the fall of the average, as the highest spot rates have not fallen. The highest rate from the Far East to SAEC still stands at USD 14 350, while shippers paying the lowest rates are forking out…
With tonnage supply lacking, compared to demand, ship owners looking to scrap their older vessels, should be able to take advantage of favorable market conditions. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “all markets re…
Ship Recycling Market Favorable for More Scrappings Read More »
New requirements for fuel oil sampling and testing have entered into force under the MARPOL Convention Annex VI, supporting the implementation and enforcement of the IMO 2020 0.50% limit for sulphur in ships’ fuel oil. The amendments are intended…
As most in the industry are aware, when a vessel is alongside heavy objects from the Engine Room (E/R) may be transported to shore through the E/R hatch by using the provision crane. For conventional Bulk Carriers and Tankers this E/R hatch is located …
With talk regarding a potential ban on Russian energy imports reignited in the EU, after the recent developments, it’s worth taking a look on Russia’s crude oil export destinations. In a recent report, shipbroker Banchero Costa noted that “2021 was ove…
Russian Oil Exports: Mapping Out the Future Read More »