News
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Congestion in Panama to support charter market
Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may…
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Tanker Market: Mixed Performance During August
The tanker market showed a mixed performance in August, OPEC said in its latest monthly report, which was released this…
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“Navigating Uncertainty: The Importance of Marine War Risks Insurance
The maritime industry is no stranger to risks and uncertainties. From marine accidents due to human error and natural disasters,…
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Charterparty pitfalls and dispute resolution
In the complex world of international commerce and maritime transactions, the negotiation and execution of charterparty agreements often set the…
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Tankers: Cargo Demand Is in a Permanent State of Flux
The tanker market has been in a constant state of flux, with cargoes destined to derive from various locations, not…
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Continued downward pressure with a significant decline in VLCC demand growth rates
The second week of September maintains its grip on the crude oil freight market’s sentiments, as VLCC rates have yet…
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Updated suite of IG-recommended Letter of Indemnity wordings
The International Group (“IG”) Standard Form Letters of Indemnity (given in return for delivery of cargo without production of an…
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LISW panel: regulation essential for shipping decarbonisation
Regulations will drive decarbonisation; LNG is short-term transition fuel; and while the intention of the ETS is good it is…
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Ship Owners Splurge The Money for Newbuildings
Ship owners have been quite active in the newbuilding and S&P markets this past week. In its latest weekly report,…
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Brazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
In the second week of September, despite the ongoing challenges surrounding China’s economic recovery and uncertainties regarding grain trade negotiations…
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