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2 Major Factors to Affect Freight Rates in 2020

Freight rates in the international shipping industry are always volatile, especially for small to medium shippers who play the spot market for their import and export pricing. There are many [...]

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How Is IMO 2020 Launch Going?

IMO 2020 went into effect on January 1st, requiring sea vessels, including container ships, to abide by a 0.5% sulfur cap on fuel or use scrubbers (systems that clean fuel in engines) in order to [...]

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Will IMO 2020 Have a Grace Period on Implementation?

In only 5 months, starting on January 1st, 2020, cargo ships have to meet the International Maritime Organization's (IMO) new 0.5% sulfur cap on fuel known as IMO 2020. [...]