Greek shipowners work with Japan, Liberia on new IMO bunker rules

The Union of Greek Shipowners has reached out to Liberia and Japan to work on alternative proposals to the International Maritime Organization’s Net-Zero Framework, the group said June 5, also calling on the EU to make firmer commitments in rolling back its regulations on maritime greenhouse gas emissions. After the UN agency’s member states voted …

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Sanctioned tanker scrapping could offset large order book: operators

Whether a large newbuild order book would weigh on tanker rates could depend on the pace of shadow-fleet scrapping and evolving demand situations during the Hormuz shipping crisis, some ship operators said. Industry association BIMCO estimates the crude tanker order book size at nearly 25% of the existing fleet, the highest level since the 2008 …

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