VLCC Owners Holding Out For Further Rate Increases
27.02.2019Things are heating up in the crude tanker market, with VLCCs reaping the benefits so far. In its latest weekly report, shipbroker Charles R. Weber said that “last week’s influx of USG inquiry buoyed rates across the globe on the VLCC sector, as eastbound rates from the region approached year-to-date highs.
learn more →Marine Lube Market: $5.9B by 2024
26.02.2019Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.
learn more →Greek shipowners agree on new tax change
25.02.2019The Greek shipowners reached an agreement with their government to change the way they are taxed. Namely, Greece will now charge a 10% dividend tax, instead of the former way of charging a double tonnage tax.
learn more →What next for iron ore?
25.02.2019Whilst this time of year is traditionally slow for dry bulk markets, the sentiment has been further amplified in the short-term by news last month of the dam break at Vale’s iron ore mine in south eastern Brazil which has sparked supply concerns as closures are expected to hit production by 9% with an estimated 70m tonnes being affected.
learn more →Cybersecurity and Maritime Industry
22.02.2019Nowadays, information security is considered as one of the most fundamental and critical factors that evaluates the reliability and availability of a computer system or an ICT environment. Information and communications technology (ICT) has induced a severe revolution in the digital era and the connected network (Internet) has become an integral part of our daily lives.
learn more →Oil to continue dominating transport sector
21.02.2019In its Energy Outlook for 2019, BP reports that the transport sector will continue to be dominated by oil, despite the increasing penetration of alternative fuels, and particularly electricity and natural gas.
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