Since the first efforts to digitise bills of lading (BL) in the late 90s, the promise of an electronic bill of lading (eBL) for the container shipping industry has remained elusive. In fact, Tradelens goes so far as to call an eBL standard the “Holy Gr…
Despite recent low bunker prices a significant proportion of marine fuel buyers still do not have any risk management strategies in place to mitigate anticipated price rises. Two thirds of LQM Petroleum Services clients polled in a webinar last week (1…
With dry bulk rates plunging and the profit plays in the tanker market soon expected to come to an end, the shipping industry is looking for clues towards the next upward cycle, as the global economy is slowly emerging from the self-imposed lockdown me…
Shipping Looking for Rebound Clues Read More »
Vessel owners, operators and charterers reacting to a sharp reduction in demand due to COVID-19 are soon to face an additional operational challenge in the form of accelerated hull fouling as more and more vessels lie idle at anchor or provide floating…
On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transpo…
Will FMC’s New Demurrage & Detention Rules Aid NVOCCs? Read More »