Decarbonising shipping will require forward-thinking companies to take commercial decisions based on robust analysis of climate-related risks and opportunities driven by rapidly evolving ESG criteria. ‘Climate risk is investment risk’ is a truth now un…
ESG rules, rather than IMO regulations, will nudge shipping to net zero Read More »
Low sulphur bunker fuels are still in good availability across European and African ports. HSFO can be tight for prompt dates with suppliers in the Canary Islands and South Africa. Supply is ample across grades in ARA and the Gibraltar Strait ports. Ri…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
In its latest weekly report, shipbroker Allied Shipbroking said that “these past two weeks we saw 4 kamsarmaxes and 1 handysize being added in the global dry bulk orderbook. The encouraging freight market performance during the last few months has over…
Ship Owners Adding More Newbuildings and Secondhand Ships As Freight Market Improves Read More »
In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues…
Oil product tanker demolition on track to break 11-year record Read More »
Lead times for low sulphur fuel stems are steady on the week in Singapore, Zhoushan and Tokyo, while prompt supply has improved in Fujairah. Singapore’s fuel oil inventories surged 11% higher to 27.23 million bbls last week – their highest level …
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »