As uncertainties around the future growth of world trade and the economy are growing, ship owners appear to be more reluctant to place long-term bets, such as a newbuilding contract commitment. In its latest weekly report, shipbroker Allied Shipbroking…
Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment Read More »
The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade tensions, cyber security, fuel costs and other headwinds to industry recovery, according…
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release. The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its mee…
BIMCO Adopts 2020 Bunker Clauses Read More »
SunStone Ships continues to break new ground in the specialty/expedtion cruise sector with the announcement of the signing of an agreement to build another two Infiity class vessels in China. According to SunStone President and CEO, Niels-Erik Lund…
Sunstone Orders More Cruise Ships in China Read More »