Oil price looks set to stay below USD 60 for a long time

The oil price will likely fluctuate between USD 50-60 the next two years. ShippingWatch has gathered projections from a series of leading analysts and stakeholders in the sector, which indicate a new price level some three years after the oil price downturn began.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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