Meeting the 2020 sulphur cap – Scrubbers ordered or fitted for close to 1,000 vessels: EGCSA

Shipowners have ordered or installed scrubbers for nearly 1,000 vessels as the uptake in exhaust gas cleaning systems rapidly accelerates ahead of the 1 January 2020 0.5% global sulphur cap from the IMO.
According to the Exhaust Gas Cleaning System Association (EGCSA) the number of ships with scrubbers either installed or on order stood at 983 as of 31 May this year.

Norway – Maritime Outlook Report 2018

The Norwegian Shipowners’ Association annual outlook survey indicates guarded optimism with regard to revenue and profitability in 2018. Half of Norwegian Shipowners’ Association members anticipate increased turnover in 2018. For the offshore segments, survey results indicate that peak layup has likely been reached.

Five Global Shipping Trends to Watch in 2018

Overall, 2017 was a good year for the ocean shipping industry. Operating margins for most carriers improved, driven by robust demand, positive inventory developments and higher rate levels. Will the positive recovery continue? Or will the vicious cycle we’ve experienced since 2008 continue, where carriers are truly profitable for only three to four years at a time?