Peak season or recession? Forwarders and shippers need to 'stay flexible'
Transpacific contract negotiations appear to be held in a holding pattern, with few to no ...
The IMO’s 0.5% sulphur cap, to be imposed in January 2020, could be a “blessing in disguise” for shipping lines, should the regulatory fallout finally end the industry’s elusive search for supply and demand balance.
However, any benefits will not materialise without short-term pain, according to analysts speaking today at the Asia Logistics & Maritime Conference in Hong Kong.
“IMO 2020 could be very helpful in terms of supply,” said McKinsey & Co partner Steve Saxon.
“If it leads to 12- to 15-year-old ships going to ...
Comment on this article
vikash
December 18, 2018 at 10:47 pmRunning on LSMGO oil is very good for shipping industry.Life of ship and maintenance will be reduced no need of purifiers , incinerator and also many more good consequences although the operative cost will increase but it is going to impact only buyers not the ship owner the freight rates will definitely increase.
vikash
December 18, 2018 at 10:53 pmBest option is to convert all bunker tank into LSMGO for long term insurance.