MENU

Recent News

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.

learn more →

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.

learn more →

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. 

learn more →

Safety Management: Why SMS are important

13.02.2019

It has been 20 years since the ISM code became mandatory. Widely known as the ‘International Safety Management Code’, its implementation was a landmark for shipping industry given that for the first time, each shipping organization was obliged to develop an effective safety management. Namely, a "Safety Management System" is the core requirement for the ISM Code implementation; its aim is to ensure that safety is secured, humans are protected from injury and harm, and the environment and property are not damaged.

learn more →

Hellenic Fleet Value up by $5 Billion in 2018, at $105.2 Billion

12.02.2019

The Greek fleet has increased its total value by over USD 5 billion in one year. This is the second biggest increase in value for any of the top 10 shipping nations. The total asset value of the Greek owned fleet has topped USD 100 billion, a significant milestone.

learn more →

Contamination fears fuel calls for greater bunker transparency ahead of 2020

11.02.2019

Calls are growing for greater transparency in the bunker industry ahead of the 2020 global sulphur cap.

learn more →