Teekay Arc7 LNG carriers caught in US-Cosco sanctions tangle
Company says it is working to resolve indirect ownership issue to avoid any disruption to services
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September 2019
Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage
While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum. In its latest weekly r…
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A different kind of reality for the maritime industry
People outside the shipping industry rarely appreciate the inherent challenges we face in ensuring that American designed shoes, manufactured in Vietnam, are always in stock and on shelves in Hong Kong sneaker stores day in and day out. Or that German …
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Letters of Indemnity: Can you rely on someone’s handshake?
Many of our clients at some stage in their business activities have been in a position where the issuance and acceptance of a Letter of Indemnity (LOI) is deemed necessary. Think of a situation where cargo has to be delivered without presenting a Bill …
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Performance Shipping sells post-panamax boxship
Move reduces former boxship specialist to two container vessels alongside pair of recently-purchased tankers
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