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Owners Sending Fewer Ships to Scrapyards

August 31, 2018Comments Off on 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

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OPEC near mission accomplished as oil glut vanishes, IEA says

August 31, 2018Leave a reply

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

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Tanker Market to Ride Out Another Year of OPEC Cuts

August 31, 2018Leave a reply

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

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Vessel Operating Costs to Rise in 2017 and 2018

August 30, 2018Leave a reply

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

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Smart Ships to Carry Cargoes within a Decade

January 10, 2017Leave a reply

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