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Oil to continue dominating transport sector

21.02.2019

In 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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Hellas: Ship owners With Larger Vessels Prefer to Install Scrubbers Ahead of IMO 2020 Rules

20.02.2019

The debate over the strategy with the best results, when it comes to complying with the 2020 IMO rules for the use of lower sulphur fuels on the existing fleet, is still raging. In a recent press event, the Piraeus office of DNV GL, which also acts as the base of the company’s regional headquarters and oversees a number of countries in the area, had some interesting thoughts to share.

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BIMCO tempers GDP growth projections ahead of IMO’s next greenhouse gas study

19.02.2019

A global shipowning body has called for regulator International Maritime Organization (IMO) to dismiss high global gross domestic product (GDP) growth projections when addressing its next greenhouse gas (GHG) study, due to get underway next month.

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IEA: Oil quality should be in focus in 2019

18.02.2019

The imposition of sanctions by the US against Venezuela’s state oil company PDVSA reminds the huge importance for oil of political events, IEA believes. Namely, in 2018, around 450 kb/d was shipped to the US. The decrease in exports also shows the collapse of production over the same period from 3.4 mb/d to about 1.3 mb/d today.

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Ship Owners Turn to Second Hand Acquisitions

15.02.2019

Ship owners have opted against committing more financial resources towards newbuilding orders, amid the uncertainty surrounding world trade growth prospects and the pressures exerted on the Chinese economy. This has been the overall trend since the start of 2019, except a couple of niche segments, like LNG, where prospects remain dry.

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New Regulations To Trigger Huge Business for Ship Repair Yards

14.02.2019

The entry into force of the Ballast Water Treatment Convention and the upcoming 2020 IMO Regulations for the use of low-sulphur fuels by the existing fleet, are expected to trigger a mass influx of clients for ship repair yards. 

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