KSOE confirms orders for seven LNG newbuildings worth $1.4bn
World’s largest shipbuilder has exceeded annual sales target by 13% with orders totalling $16.8bn
KSOE confirms orders for seven LNG newbuildings worth $1.4bn Read More »
July 2021
Yards and topside engineers pair up for Petronas’ third FLNG unit
Latest floater will be barge-like structure, moored to a jetty and goes under working name ZFLNG
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VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production
Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production. In its latest weekly report, shipbroker Gibson said that ‘so, after several weeks of behind the scenes talks and political wrangling, the OPEC…
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Dry Bulk: Market Lacks Strong Upward Momentum
Capesize The market drifted sideways lacking a strong directional lead most of the week, with gains towards the end the 5TC average settling at $32,469 to close the week, up almost $4,000. Looking closer at the regional feel the Transpacific C10 fortun…
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A Smart judgment for owners: An owner can demand payment of freight under a Bill of Lading even if head charterers have paid hire in full
In a recent judgment of the English Commercial Court, The M/V Smart¹, which will be welcomed by owners, Mr Justice Butcher held that a shipowner could demand direct payment of freight under a bill of lading even though the bill of lading stated that th…