Adm. Linda L. Fagan has taken over as vice commandant of the U.S. Coast Guard, relieving Adm. Charles W. Ray during a military change-of-command ceremony held Friday at U.S. Coast Guard Headquarters.Adm. Fagan most recently served as the commander of …
U.S. Coast Guard Welcomes New Vice Commandant Read More »
The dry bulk market is slated for a renewed rally during the summer months, one which could see rates return to records not seen since 2008. In its latest weekly report, shipbroker Allied Shipbroking said that “last week’s (7-11 June) stellar performan…
Dry Bulk Market Could Be Headed Back to 2008 Read More »
Overview A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund…
BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts Read More »
Global food trade looks set for a resilient year ahead despite supply and demand uncertainties, according to a report from the Food and Agriculture Organization of the United Nations (FAO). Trade flows for agricultural, and particularly less-perishable…
Greek shipowner GasLog has taken delivery of a new 180,000m3 XDF liquefied natural gas (LNG) carrier, GasLog Wellington.The third in a series of four new vessels being built for GasLog by Samsung Heavy Industries in South Korea, the ship will…
New LNG Carrier Delivered to GasLog Read More »