Recent News
IMO 2020 Full Sail Ahead: Incoming Waves for Refiners, Shipowners
15.03.2019As of January 1, 2020, the International Maritime Organization (IMO) will begin enforcing a new regulation that caps the allowable sulfur content of all marine fuels from its current level of 3.5% m/m (mass/mass) to 0.5% m/m. While this new limit will not change the lower limits in existing sulfur Emission Control Areas (ECAs), it will inevitably have wide-ranging implications on oil refiners and the shipping industry, as well as force significant changes in the demands for certain bunker fuels.
learn more →The central place of shipping in the Greek economy
14.03.2019The important place of the shipping industry and its participants in Greece’s overall economic picture as the country struggles to climb out of financial crisis was again evident when financial powerhouse PricewaterhouseCoopers (PwC) recently presented a study on mergers and acquisitions in Greece in 2018.
learn more →Analysis of fuel samples
13.03.20192018 saw a huge increase in bunker quality disputes, starting around March/April with bunkers stemmed in Houston and gradually spreading to different regions and countries.The purpose of this article is to bring into focus the need for a proper fuel testing and analysis regime to be in place.
learn more →Cosco Shipping’s investment plans for Piraeus port rejected
12.03.2019Cosco Shipping’s ‘honeymoon period’ between it and the Greek state is essentially over, following the rejection by the state of much of Cosco’s investment plan for Piraeus port.
learn more →Port inventories’ nightmare to haunt Capes?
08.03.2019High iron ore inventories at Chinese ports and looming uncertainty in the global economy are threatening the demand for Capesizes. We believe demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports. Even though China’s steel production will rise in 2019, a further drawdown in iron ore inventories could adversely affect the demand for dry bulk vessels.
learn more →Top 10 issues concerning the future of shipping
07.03.20192019 kicked off with the data collection on fuel oil consumption, alternative mechanisms to comply with the 2020 Sulphur cap, the EU Ship Recycling Regulation, the IMSBC Code 2017 amendment as well as amendments designating North Sea and Baltic Sea as ECAs. With many more regulations and developments still yet to come, nations from all across the globe, ship operators and crew are going through a key period because of ten major issues that will have significant impact over the next ten years in the shipping industry.
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