Recent News

Smells like sustainability: Harnessing ammonia as ship fuel


It smells pungent and if a mere 0.5 per cent of the air you breath consists of it, it will kill you. And yet ammonia is being heralded as one of the best zero-carbon fuel options for deep-sea shipping in particular.In this article we will highlight some of the central questions that need to be answered before ammonia-fuelled ships can hit the water, including the supply, sustainability, engine technology and the necessary safety considerations.

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Tankers: Oil Supply to Remain Limited, but Not For Long


Tanker owners are bound to benefit from more oil coming into the market from the start of 2022 onwards, as demand continues to recover. However, with plans around the world to move away from fossil fuels is bound to catch up in the long term. In its latest weekly report, shipbroker Gibson said that “it’s not very often that a leader of a large oil producing nation calls on other oil producing countries to actually pump more oil.

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Ship Recycling: “Steady as She Goes” During the Final Quarter of 2021


With tonnage supply in the ship recycling market not particularly impressive, shipbroker Clarkson Platou Hellas said that “all the talk this week centred around the reports from China amid the potential collapse of the property empire Evergrande which sent the industry into overdrive with uncertain sentiments for the steel markets”.

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Tanker Market Subdued During July


The tanker market remained in subpar level during the month of July. According to the latest monthly report from OPEC, events in July provided little momentum to the languishing tanker market, with dirty freight rates remaining at subdued levels.  As soon as positive signs appear on the horizon, offsetting darker clouds seem to emerge as well. Demand for tankers is expected to pick up in 2H21, easing the imbalance versus tonnage availability, further helped by increased scrapping and low new deliveries.

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Preferred stock in the shipping sector


There has been an increasing trend for private equity investments in the shipping sector to take the form of preferred stock in either publicly listed or private companies, rather than through a more traditional method of establishing a joint venture with an established shipowner. Broadly speaking, preferred stock is stock that has whatever features are determined by the company, although typically the stock offers its holders priority dividend and liquidation rights over common equity holders – often with additional features built-in by the parties.

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IMO has a new plan to reduce shipping’s carbon emissions; will it be enough?


Global shipping accounts for about 3% of the world’s annual carbon emissions, and pressure is intensifying on the industry to reduce that pollution to contribute to the international goal of net-zero carbon emissions by 2050.

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