Multipurpose Sector Earnings To Rise 6% in 2020
Multipurpose vessels are predicted to see an average 6% rise in their earnings this year.
Carrier poaching threat has receded significantly in past months as the supply of containerships has been artificially reduced.
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Strong Tanker Market Helps Nordic American Tankers Big Time
Nordic American Tankers Ltd. (NYSE:NAT) is reaping the benefits of the strong tanker market, says an article published in their website.
Message to investors
Chairman & CEO, Herbjørn Hansson, Nordic American Tankers Ltd, in a January...
Industry Experts Predictions for 2020
A recent article published in BIMCO reveals the wild prediction for the shipping sector in 2020 made by seven industry experts who were invited.
The creative predictions
From a total ban on open-loop scrubbers to high...
Global Oil Demand Reaches 1.26MBD in 2020
Global oil demand hits 1.26 million barrels per day (MMB/D) in 2020, up from 0.95 MMB/D growth in 2019.
Further growth expected in all regions except Western Europe and Japan.
20 % of...
IMO 2020 and EU Tariffs To Shake Europe Base Oils
Supply and demand are usually king for Europe's base oils market, says an article published in ICIS website.
Supply-demand balance
International 2020 regulations for shipping and European trade rules are big factors at play, which could...
China Sets Guidelines for Sulphur Cap Implementation
The Maritime Safety Agency in China recently issued Guidelines for Supervision and Management of Air Pollutant Emissions, reports Safety4Sea.
New guidelines
Aiming to standardize the implementation of the January 1, 2020 sulphur cap, China has recently...
[Watch] Why Ships Do Not Go Straight?
Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice of any sort. Please consult the experts in that field for the authenticity of...
Newbuilding LNG Carrier for Yamal Project Gets Her Name
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the naming ceremony for a LNG carrier at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong).
The carrier was jointly ordered by MOL and China COSCO...
ABS Release the Revised Guidelines for Ballast Water Treatment
ABS launched its amended "Guide for Ballast Water Treatment" in order to include provisions from the Code for Approval of Ballast Water Management Systems (BWMS Code) (2018) and other supporting IMO documents, reports Safety4sea.
ABS...
IEA Witnesses a Surge in IMO Compliant Shipping Fuels
The International Energy Agency said that the global supplies of marine fuel compliant with new environmental rules are increasing fast as concerns over quality remain marginal, reports Reuters.
IMO regulations
International Maritime Organization (IMO) rules that...