International guidance to help reduce emissions from shipping has been published. The International Maritime Organisation (IMO) has set a target of January 2020 for the implementation of a new policy that limits the sulfur content of maritime fuel to 0.50 percent.
A seeming worrisome report by a shipbroker, the Allied Shipbroking says the clouds have started to gather on the global economy as of late, with the chances of a recession taking shape having been heightened considerably.
A global seaborne shipping and logistics company, Navios Maritime Holdings Inc., has reported its financial results for the second quarter and six month period ending last June 30. Chairman and Chief Executive Officer, Angeliki Frangou, said“I am pleased with the results of the second quarter of 2019 for which we reported revenue of $147.2 million and Adjusted EBITDA of $62.6 million.”