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Marine News:

Festivities Disrupt Demolition Market

As ship owners kept looking for signs of sustainable rebound in freight rates, good news were absent this week from the supply side, as demolition activity was lacklustre. In its latest weekly report, Clarkson Platou Hellas said that “it has been a fairly subdued week in the world of ship recycling as the Diwali celebrations ......

Ship inspections: preparing for Brexit

Member states’ ambassadors yesterday gave the presidency a mandate to negotiate with the European Parliament an amendment to rules on the assessment of ship inspection organisations, with the aim of ensuring legal certainty and securing business continuity when the United Kingdom leaves the EU. Under the current rules, ship inspection organisations recognised at EU level ......

The 2019 MRV Requests

With the end of 2018 arrive new important deadlines for the shipping activity. During this present year ship owners had the obligation of monitoring data from vessel’s activity, being the most important the monitoring fuel consumed and the tonnes of CO2 emitted. With EU MRV, companies had the necessity of having a Monitoring Plan updated ......

Oil Market Report: Heeding the warnings

In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia and the United States more than compensating for falls in production in Iran, Venezuela and elsewhere. New data show that the pace has accelerated, and this higher output, in combination ......

Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment

As uncertainties around the future growth of world trade and the economy are growing, ship owners appear to be more reluctant to place long-term bets, such as a newbuilding contract commitment. In its latest weekly report, shipbroker Allied Shipbroking said that “activity softened last week in the newbuilding market, as ship-owner seem reluctant to add ......

Shipping Industry Concerned About Impact of Trade Protectionism and Cyber Threats, But Mostly Optimistic About Growth

The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade tensions, cyber security, fuel costs and other headwinds to industry recovery, according to a new benchmark survey and study developed by the Business Performance Innovation (BPI) Network in partnership with Navis. ......

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