The Capesize market in Q4 thus far was defined by a steady decline in BDI with a recent small uptick during December. After its 5TC average peaked in the first days of October to US$33.500/d, it is now hovering in the very low US$15,000’s/d region. Sub…
Capesize secondhand sales bonanza in Q4 Read More »
The plaintiff, a fixed-cost freight forwarder, asserted against its principal (the defendant) a freight claim of €190,000 under a multimodal transport contract (road, inland waterway and sea vessel) from Germany to Sweden. The freight contract was only…
Freight claim in case of premature termination of freight contract Read More »
The new X10 Titan range from Atlas Incinerators is designed to save shipowners and shipyards money while shrinking their environmental footprint.For decades it has been customary to use steam, electricity or thermal oil to heat sludge oil prior to its …
Atlas Incinerators Debuts X10 Titan Range Read More »
Classification society ABS said it has awarded South Korean shipbuilder Samsung Heavy Industries (SHI) Approval in Principle (AIP) for crew accommodation and ventilation systems designed to mitigate the spread of infectious diseases such as COVID-19.Th…
ABS Awards AIP for Infection Mitigating Design to SHI Read More »
Spot earnings for benchmark Middle East Gulf-China route reach three-month high while market mood in Atlantic remains strong
VLCC rates jump on pre-Christmas charter activity Read More »