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  • Product Tanker Market Heading for a Solid Recovery
    by hellenicshippingnews.. on 19 July 2019 at 21:00

    The product tanker market’s fundamentals, both demand and tonnage supply, have been showing signs of steady improvement of late. In its latest weekly report, shipbroker Allied Shipbroking said that “having entered into the second half of the year, all eyes (on the MR segment) have turned towards the refineries and the anticipation that they will ... […]

  • IMO 2020 – Bunker tank cleaning and preparation to receive compliant fuel
    by hellenicshippingnews.. on 19 July 2019 at 21:00

    To achieve compliance with the sulphur cap, simply switching to a low sulphur fuel at January 2020 will not be enough. High sulphur fuel oil (HSFO) is primarily based on residual fuel and these tend to stick to the inside of fuel tanks and pipelines forming layers of sludge and sediments. The accumulated layers of ... […]

  • “2020 Global Sulphur Limit implementation: INTERCARGO raises Safety concerns”
    by hellenicshippingnews.. on 19 July 2019 at 21:00

    With 1 January 2020 less than five and a half months away, INTERCARGO expresses its growing concern in view of the magnitude of the challenge lying ahead for the industry and the need for a smooth transition. The global availability of safe compliant fuels remains a key question largely unanswered. The requirement for the sulphur ... […]

  • Tankers’ Perilous Strait of Hormuz: Caught Between a Rock and a Hard Place
    by hellenicshippingnews.. on 18 July 2019 at 21:00

    Things aren’t all that rosy when it comes to the tanker market these days. Besides the issues surrounding the long-term viability of older vessels, as a result of the new set of environmental restrictions, owners will have to think twice about which part of the sea world is currently risk-free. In its latest weekly report, ... […]

  • ING: Big shipping concerns as sulphur fuel cap deadline approaches
    by hellenicshippingnews.. on 18 July 2019 at 21:00

    We’re in the final stretch of the long-awaited International Maritime Organization shipping regulation, which will see the global shipping fleet having to move to a fuel with a maximum sulphur content of 0.5% from 2020 from the current limit of 3.5% The options for the shipping industry With less than six months to implementation, the ... […]

  • DNV GL supports 2020 sulphur compliance with online Ship Implementation Plan
    by hellenicshippingnews.. on 18 July 2019 at 21:00

    As the days count down to the entry into force of the 2020 0.5% sulphur cap, preparation is key. DNV GL offers a free web-based application of the Ship Implementation Plan (SIP) that ship owners and managers can use to prepare vessel-specific SIPs and maintain an overview of their fleet. While not mandatory, the SIP ... […]

  • Ships’ Recycling Market In Limbo
    by hellenicshippingnews.. on 17 July 2019 at 21:00

    2019 won’t go down in the record books when it comes to ship recycling, despite the fact that, according to some market delegates, it should. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it has been an unusual week where there appears to be no real function in the market with sentiment ... […]

  • Global shipping industry most exposed” to low carbon energy shift
    by hellenicshippingnews.. on 17 July 2019 at 21:00

    Rapid decarbonisation of global energy supplies will have radical implications for the global shipping industry, detailed in a new report from MSI. Vessel selection will be critical, requiring divestment from sectors with the greatest exposure to fossil fuels. The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards ... […]

  • Drones herald in new era of inspections
    by hellenicshippingnews.. on 17 July 2019 at 21:00

    Visual inspections and steel thickness measurements are key elements of renewal surveys. Preparing ships for these activities is time-consuming and costly. DNV GL now offers a fast-track solution using drones. DNV GL has been using camera-equipped drones in surveys since 2016. The concept, the technique and the equipment were developed by the surveyor team in ... […]

  • Dry Bulk Carriers’ Newbuilding Orders Slowing Down
    by hellenicshippingnews.. on 16 July 2019 at 21:00

    Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new ordering activity seems to have slowed for dry bulkers for now, with a mere 3 units ... […]

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