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Suezmax Tankers Could Witness Higher Freight Rates Despite Record Newbuilding Deliveries

Despite a high volume of newbuilding deliveries in the Suezmax tanker market over 2017 which led freight rates levels to average lows of $14,000/day, demand growth evolution could help return the segment back to growth. In its latest weekly report, shipbroker Gibson said that “crude tanker earnings across all sectors were challenged in 2017, not ......


Box Shipping Still Feeding The 5,000…

One of the great stories of the Bible’s New Testament centres on the feeding of a multitude of 5,000 with just five loaves and two small fish. Shipping also has a notable 5,000 to feed in the form of the containership fleet. In this case, the feat has not only been continually finding enough cargo ......


An IMarEST information paper on the introduction of the fuel oil 0.50% m/m sulphur limit under regulation 14.1.3 of MARPOL Annex VI

The purpose of this information paper is to provide an overview of the upcoming change in the fuel oil sulphur limit to 0.50% m/m and to address some commonly asked questions. Regulatory situation Regulation 14.3.1 of MARPOL Annex VI sets a 0.50% max limit of the sulphur content in respect of all fuel oils used ......


Dry Bulk Market: Freight Rate Prospects Looking Positive After Chinese Lunar New Year

Dry bulkers are hotting up price-wise, as the market’s prospects appear rosier than ever during these years of crisis. Shipbrokers are noting that, despite the Chinese New Year celebrations, which are typically negative for the freight market, the BDI (Baltic Dry Index) has managed to sustain a positive level, which means that heading up towards ......


Bulkcarrier Deliveries: Still On The Slide

Against the backdrop of a shrinking orderbook, deliveries in the bulkcarrier sector have declined significantly since peaking in 2011, hitting their lowest level in deadweight terms since 2008 last year. In 2017 deliveries continued to fall, although it appears that improving market conditions led to the delivery of vessels that had previously been delayed, providing ......


IBIA update: High sulphur bunker carriage ban on track for March 2020

It looks very likely that MARPOL Annex VI will be amended to make it an offence carry bunkers above 0.50% sulphur, and that the carriage ban will be enforceable as early as 1 March, 2020. The idea to make carriage, not just to use, of bunkers exceeding 0.50% sulphur content illegal was put forward in ......