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201 Ships Scrapped During First Half of 2019

31.07.2019

The first half of 2019 saw 201 cargo vessels sold for demolition (sum 2 million tonnes) 75% were scrapped at either Bangladesh or India, with Bangladesh receiving the majority share. Scrapping numbers were down c.18% compared to the first half of 2018.

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European Commission Extends Dutch Tonnage Tax Breaks to 2028

29.07.2019

The European Commission (EC) has approved an extension of three amendments to the Dutch tonnage tax regime until December 31, 2028.

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Greek Ship Owners On the Market for Young Bulkers

26.07.2019

With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk tonnage.

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ExxonMobil expands its Singapore refinery

13.06.2019

ExxonMobil has completed an expansion at its Singapore refinery to upgrade its production of EHC Group II base stocks, aiming to enhance the global supply of base stocks and improve the integrated facility’s competitiveness.

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First phase of investments completed at Limassol Container Terminal

06.06.2019

Eurogate Container Terminal Limassol Ltd has completed the first phase of investments at the Limassol Container Terminal, worth more than €30m.

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Shipping industry leading decarbonisation efforts, but more needs to be done

03.06.2019

The shipping industry is a leader in the campaign for achieving a zero-carbon future, however more needs to be done, in order to truly meet the targets for making ships and ports more environmentally-friendly. That was the opinion of Greek ship owners and international experts.

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