Recent News
As Global Shipping Sails Into ‘Greener’ Future, Trade Faces Further Pressure
07.01.2020The global shipping industry embarked on a “greener” journey from the 1st of January as a new rule mandated by the International Maritime Organisation (IMO) on using low sulphur fuel oil to cut ship emissions takes effect, raising ocean haulage costs for exporters and importers.
learn more →2019 Ends With Plethora of Newbuilding and S&P Deals
30.12.2019Ship owners have sought to seal a number of deals prior to the end of 2019, both in the newbuilding and the second hand markets. In its latest weekly report, shipbroker Allied Shipbroking noted that “things remained interesting for yet another week in the newbuilding market.
learn more →Fuel Tax Proposed to Fund $5 Billion R&D Plan
18.12.2019Eight global shipping associations have submitted a plan to the IMO for a fuel tax dedicated to helping eliminate CO2 emissions from international shipping. The tax would generate funds of about $5 billion over a 10-year period.
learn more →Tanker Market: Robust Levels All Around During November
16.12.2019The tanker market has been on a high during November as well. In its latest monthly report, OPEC said that dirty tanker spot freight rates in November remained at robust levels relative to the lacklustre performance seen for most of this year, but were down from the record highs seen in the previous month.
learn more →Lithium Ion Batteries, a force to be reckoned with in vessel applications.
11.12.2019Since the beginning of boat building; designers, builders, owners and crew have always sought to do more with less. Seeking efficiencies may reduce costs, make better use of space, provide more speed and meet regulatory requirements or socially accepted organisational norms.
learn more →Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage
01.10.2019While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum.
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