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Tankers: Near-Term Headwinds Ahead

The tanker market is bracing for a tumultuous period ahead, according to ship owner Teekay Tankers. However, a slowdown in fleet growth and a potential rise in US crude oil exports could offer some respite in the long term. Teekay Tankers said in its market outlook that “average crude tanker spot rates moderately increased during ......


LNG for 2020: IMO Sulfur Limits and the LNG Alternative

This blog post compares the uses of liquefied natural gas (LNG) as a marine fuel with other options for complying with the more stringent sulfur emission requirements of the International Maritime Organization (IMO) beginning in 2020 and then discusses the development of LNG as a marine fuel. The IMO 2020 sulfur limit The IMO is ......


The hype and reality of hydrogen as a power source

The car show Top Gear was notorious for its disdain of environmentally friendly cars, so viewers were stunned in 2008 when the hosts confidently predicted that hydrogen fuel cells would power the cars of the future. But today these cars remain rare. What went wrong “Going to hydrogen fuel cell automobiles was not as easy ......


Dry Bulk Market: Are Further Disruptions On the Horizon?

Disruptions in the supply of iron ore from Vale and Rio Tinto’s unwillingness to offset part of the losses occurred, have led to a major correction in the dry bulk market since the start of 2019. Unfortunately for dry bulk ship owners, this trend may well continue, after Vale’s latest warnings. In its latest weekly ......


BIMCO And INTERTANKO Publish Q&As For Scrubber-Fitted Ships

BIMCO and INTERTANKO have jointly published Q&As addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be reviewed for both time and voyage charter parties. “We are pleased to have worked with BIMCO to provide ......


IMO 2020 – impact on downstream, upstream, LNG and bulks sectors

Sushant Gupta, Research director, Asia Pacific refining and oils market, spoke about the changes expected for crude and product prices. These regulations are likely to be the biggest step change the shipping industry has ever seen, with massive sulfur reductions for the industry. A number of uncertainties still remain, meaning it is hard to envisage ......