The IMO has warned there will be no exceptions to the 1 January 2020 0.5% global sulphur cap for marine fuel oils.
If you have watched pilots operate over any extended period of time, it is difficult not to be impressed by the way they can make a speedy mental adjustment to fit the size and special characteristics of all the ships they may meet in a large port.
Dutch shipyard owner Damen is taking a step into the big league buy over Daewoo Shipbuilding & Marine Engineering’s (DSME) majority stake in Romanian yard Daewoo Mangalia Heavy Industries (DMHI).
It was bound to happen, sooner or later. Exactly a year ago, the day after 2016’s Election Day, at the Marine Money Forum in New York, someone asked Wilbur Ross, the keynote speaker whether he might join the Trump administration. Ross, a noted investor and Trump pal around the New York social scene, had advised Trump on various economic matters previously.
The dry bulk shipping arena’s upward trajectory is continuing and as earnings season for Q3 2017 results have continued onward, equity analysts were turning more positive.
Barge transportation market size is estimated to surpass $170bn by 2024; according to a new research report by Global Market Insights.
A welcome sense of optimism on the future of shipping infused the opening day of the 15th biennial Maritime Cyprus conference taking place in Limassol this week, a line-up of heavyweight speakers, record attendance of over 850 delegates and the first of the week’s procession of evening receptions all adding to the positive vibe.
Singapore is seeking to become a debt restructuring centre alongside New York and London with changes to its Scheme of Arrangement system to make it closer to US Chapter 11 filings.