The ship recycling market is predicted to accelerate in terms of activity during the coming weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there is hope that a more bullish market may come into play following rumours t…
Ship Recycling Market Expected to Firm Up Read More »
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure. The star…
Who is responsible for the cargo when force majeure is declared? Read More »
Bunker fuels are more readily available in Singapore, Zhoushan and Busan this week. Lead times for stems in Singapore have come down, as the pressure bunker delivery schedules has eased after the Lunar New Year holiday. Singapore’s bunker demand has fu…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
Engine manufacturer Fairbanks Morse has opened a 8,000-square-foot Mayport Service Center in Jacksonville Beach, Fla., as part of the company’s aim to expedite aftermarket services to military and commercial maritime customers across the U.S.The facili…
Fairbanks Morse Opens Service Center in Florida Read More »
Tight tonnage in the North Atlantic has principally supported the physical market, but a few eye-popping reported fixtures have aided sentiment
Icy conditions see panamax bulkers fixed at red-hot rates, FFAs sizzling Read More »