A joint article issued by ITPCO and BIMCO about just in time arrivals for bulkers and tankers
We estimate that the crude tanker and product tanker fleet will end 2023 up 1.8% and 2.0% respectively on last year. Crude tanker growth will also remain muted in the coming few years as the order book to fleet ratio remains very low at 4.3%. Contracting of product tankers has in the meantime inc... Please follow the link to continue reading.
Aside from GHG discussions what kept attendees at the 82nd meeting of the MEPC busy?
What happened at BIMCO's seminar at Posidonia 2024
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The 75th session of the Marine Environment Protection Committee (MEPC 75), which took place online from 16 to 20 November 2020, continued the deliberations on reduction of greenhouse gas (GHG) emissions from shipping, but also adopted amendments to MARPOL Annex VI and the International Ballast Water... Please follow the link to continue reading.
The dry bulk fleet is estimated to grow by 2.9% in 2023, 2.4% in 2024 and 2.0% in 2025. For 2023, supply is estimated to grow by 2-3%, affected by lower sailing speeds and lower congestion. In both 2024 and 2025, lower sailing speeds could cause supply to only grow by 1-2%. The order book currentl... Please follow the link to continue reading.
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A new Emission Control Area is being born
