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The new digital BIMCO Bulletin is out

25 February 2019

The new BIMCO magazine the “Bulletin” is out. The February issue looks at the financial side of 2020, offers the latest market analysis from Chief Shipping Analyst, Peter Sand and talks to the UN about smuggling. Also, BIMCO’s Secretary General, Angus Frew, calls for naval support in the Gulf of Guinea in his foreword.

Tanker market report dated 18 January 2019

21 January 2019

The scrubber debate continues with the same intensity as it did six months ago, although there appear to be fewer announcements for new installations. According to the DNV GL, the number of new bookings for fittings during 2019 decelerated over the past couple of months. It remains to be seen whether this slowdown is attributable to a diminishing appetite for scrubbers or limitations in yard/manufacturing/equipment capacity. On the face it, perhaps the latter is true since the interest in installations over the course of 2020 continues to grow, although absolute numbers are much lower versus 2019 figures The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Singapore MPA to ban use of open-loop scrubbers

30 November 2018

The Maritime and Port Authority of Singapore has decided to prohibit the use of open-loop exhaust gas cleaning systems within its port limits, as of 1 January 2020.  MPA chief executive, Andrew Tan, announced the new regulation, which is already part of current legislation, in his opening address at the Singapore Registry of Ships Forum.