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Tankers: Enough Scrap Candidates in the Market as Average Tanker Demolition Age is 22 Years Old Says Shipbroker

Oversupply of tonnage could soon be eradicated in the wet markets, if the current pace of demolition activity is maintained. In its latest weekly report, shipbroker Intermodal noted that “on the crude sector, a very anemic supply growth in 2014 helped the market enjoy a very good year in 2015 as the demand for crude ......


Scrubber Technology and Preparing for the 2020 Sulphur Cap

The only commercial technology solution currently available to meet compliance with MARPOL Annex VI Regulation 14 is an exhaust gas cleaning system, namely scrubbing. Remember Regulation 14 requires ships to use 0.10%S fuel in ECAs and 0.50%S fuel globally from 2020. There are also regional ECAs with slight variations. Examples include the 0.50%S in some ......


LNG Capable Capacity: Fresh Ingredients?

The fleet capable of running on LNG fuel has tripled in size over the last 10 years, and though its size remains limited, growth has sped up recently in line with the accelerated environmental agenda. While this fleet was originally dominated by LNG carriers, other sectors are now in the mix. An analysis of the ......


Pick Up Seen in Ships’ Demolition Market, on Pakistan News

News broke this past week that Pakistan has reportedly reopened the market for tanker imports, bound for recycling. In its latest weekly report, Clarkson Platou Hellas commented that “it has finally happened… following reports received, it is our understanding that there has been a breakthrough in Pakistan with news that the provincial government has finally ......


China’s seaborne trade: a spectacular upwards trend

Brisk growth in China’s enormous seaborne trade has resumed over the past couple of years, following an earlier sharp slowing of the upwards trend. Potential for further expansion ahead is still visible, but it is not easy to foresee precisely how some aspects will evolve. Adding to the mix a trade dispute with adverse implications ......


New Bunker Terms will boost harmonisation

BIMCO’s Documentary Committee is expected to adopt a new version of the standard contract Bunker Terms in New York on May 2. The Bunker Terms 2018 have been drafted by representatives from across the bunker industry. It is a balanced set of terms and conditions designed to be fair for both buyers and sellers. The ......