Owners Sending Fewer Ships to Scrapyards
Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, according to Clarksons. This causes new tonnage in the market [&hellipRead More
OPEC near mission accomplished as oil glut vanishes, IEA says
LONDON (Bloomberg) — OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry [&hellipRead More
Tanker Market to Ride Out Another Year of OPEC Cuts
Aimed at rebalancing the oil market, the Organization of Petroleum Exporting Countries (OPEC), joined by non-member countries led by Russia, agreed to extend the oil [&hellipRead More
Vessel Operating Costs to Rise in 2017 and 2018
Vessel operating costs are expected to increase in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. [&hellipRead More
Smart Ships to Carry Cargoes within a Decade
WISTA UK — Smart ships are likely to be carrying cargoes within 10 years but all in the logistics chain need to adapt in order [&hellipRead More
