Values for older VLCC and Aframax tonnage, as well as for Panamax bulkers have taken a downturn over the course of the past week. In a note this week, ships’ valuations expert, VesselsValue said that in the tanker segment, “older VLCC and Aframax…
Ships’ Values Retreating Read More »
The latest PMI (Purchasing Manager’s Index) reading from the National Bureau of Statistics confirms what we all had expected: the coronavirus has dealt a merciless blow to Chinese manufacturing. The official Chinese PMI, which tracks larger businesses,…
Do the effects of the coronavirus give rise to legitimate force majeure claims in connection with shipbuilding contracts (which similarly apply to offshore construction contracts), particularly those underway in China? In general terms, a force majeure…
An Epidemic Of Uncertainty – The Coronavirus And Force Majeure Read More »
The U.S. Navy launched its newest Freedom-variant littoral combat ship (LCS), the future USS Cooperstown (LCS 23), on January 19 and then christened the new warship during a ceremony on February 29, in Marinette, Wis.”The christening of the…
USS Cooperstown Launched and Christened Read More »
San Antonio class amphibious transport dock USS San Antonio (LPD 17) began Sea Trials February 29 following a three-year Chief of Naval Operations (CNO) maintenance availability.During Sea Trials, the San Antonio will undergo multiple training…
USS San Antonio on Sea Trials After Extensive Maintenance Read More »