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Tanker Newbuilding Prices On the Rise… but disconnect with steel prices grows on underwhelming activity

Despite a less than positive period for freight rates in the wet sector, asset prices haven’t been all that doom and gloom. In a recent report, shipbroker Charles R. Weber said that “newbuilding prices for tankers have observed strong growth since the start of the year when examined on percentage terms. Assessed prices for VLCCs ......


Dry Bulk Market: Capesize Index Slows Down

Capesize Charterers slowed the pace this week to try and check rates, and, to an extent, succeeded. In Asia levels on the key West Australia/China route at the start of the week hovered close to $9.00 and an eco-180,000dwt 2010-built vessel, open Dalian, fixed a round voyage at a strong $25,400 daily. However, as the ......


Enablers of tax avoidance rules: the impact on shipping

New rules have recently been introduced in the UK to combat complex or artificial tax avoidance arrangements. These rules apply to ‘enablers’ of defeated ‘tax avoidance’ arrangements. Where the rules apply, penalties will be imposed on the enabler and they can also be ‘named and shamed’. These new rules have important implications for the shipping ......


New Regulations in China Bring Havoc in Ships’ S&P Market

Recent regulatory changes in China regarding the use of modern vessels has brought about mayhem in the market for second hand ships, as ship onwers are scrambling to comply to the new rules. In its latest weekly report, shipbroker Intermodal said that “the new regulations for Chinese flag restricting import of Tier I ships have ......


Much work remains on IMO’s implementation guidelines for 2020 sulphur limit

Many issues remain unresolved following last week’s intersessional working group (ISWG) meeting at the IMO to develop guidelines to support the consistent implementation of the 0.50% sulphur from 1 January 2020. The meeting made good progress on planning and preparatory issues, having developed a ship implementation plan and informative annexes that will be sent to ......


Questions on US clean up operation

Reports suggest that possibly up to 100 vessels may have been affected by contaminated marine fuel oil stemmed at ports in the Houston and US Gulf region, giving rise to significant concerns in the industry, as well as a range of both practical and legal issues. Contaminated fuel supplies of blended fuel oils, such as ......


Marine News:

Tanker Newbuilding Prices On the Rise… but disconnect with steel prices grows on underwhelming activity

Despite a less than positive period for freight rates in the wet sector, asset prices haven’t been all that doom and gloom. In a recent report, shipbroker Charles R. Weber said that “newbuilding prices for tankers have observed strong growth since the start of the year when examined on percentage terms. Assessed prices for VLCCs ......


Dry Bulk Market: Capesize Index Slows Down

Capesize Charterers slowed the pace this week to try and check rates, and, to an extent, succeeded. In Asia levels on the key West Australia/China route at the start of the week hovered close to $9.00 and an eco-180,000dwt 2010-built vessel, open Dalian, fixed a round voyage at a strong $25,400 daily. However, as the ......


Enablers of tax avoidance rules: the impact on shipping

New rules have recently been introduced in the UK to combat complex or artificial tax avoidance arrangements. These rules apply to ‘enablers’ of defeated ‘tax avoidance’ arrangements. Where the rules apply, penalties will be imposed on the enabler and they can also be ‘named and shamed’. These new rules have important implications for the shipping ......


New Regulations in China Bring Havoc in Ships’ S&P Market

Recent regulatory changes in China regarding the use of modern vessels has brought about mayhem in the market for second hand ships, as ship onwers are scrambling to comply to the new rules. In its latest weekly report, shipbroker Intermodal said that “the new regulations for Chinese flag restricting import of Tier I ships have ......


Much work remains on IMO’s implementation guidelines for 2020 sulphur limit

Many issues remain unresolved following last week’s intersessional working group (ISWG) meeting at the IMO to develop guidelines to support the consistent implementation of the 0.50% sulphur from 1 January 2020. The meeting made good progress on planning and preparatory issues, having developed a ship implementation plan and informative annexes that will be sent to ......


Questions on US clean up operation

Reports suggest that possibly up to 100 vessels may have been affected by contaminated marine fuel oil stemmed at ports in the Houston and US Gulf region, giving rise to significant concerns in the industry, as well as a range of both practical and legal issues. Contaminated fuel supplies of blended fuel oils, such as ......


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