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The uptake of scrubbers by large crude tankers is the highest so far amongst the main vessel segments, though a further rise in the uptake is unlikely to happen, according to shipbroker Gibson.
A gloomy outlook is forecast for the tanker shipping market at least until the second half of 2021 when oil demand is expected to increase, according to analyst Poten & Partners.
UAE’s Abu Dhabi Ports (ADP) has put freeze on rent increases in 2021 for all businesses in its Industrial Cities and Free Zone cluster as part of relief measures during the coronavirus (Covid-19) pandemic.
Spot market activity in tanker shipping was down 16% year-on-year in 2020 due to the impact of the coronavirus (Covid-19) pandemic, according to analyst Poten & Partners.
Six months after expressing grave concerns about the worsening piracy crisis in the Gulf of Guinea, the Cyprus Shipping Chamber (CSC) has again expressed “regret and frustration” over the “ineffectiveness of the international community to address...