The US crude oil export trade has been rather disappointing in 2021, following up on a similar trend from 2020. In its latest weekly report, shipbroker Banchero Costa noted that “2020 was overall a very negative year for crude oil trade. Total loadings…
Tankers: No Support from the US Oil Export Trade Read More »
World leaders’ knee-jerk reactions to the Omicron variant are putting transport workers and the global supply chain at greater risk of collapse, warn international transport organisations and unions representing road, air and sea transport. Cross-borde…
The Court of Appeal has handed down an important judgment in K Line PTE Ltd v. Priminds Shipping (HK) Co Ltd (Eternal Bliss) [2021] EWCA Civ 1712 in which it overturned a first instance decision as to when an owner can claim damages for delay, as well …
What does demurrage cover? Read More »
Gram Car Carriers is picking up Germany’s F Laeisz as a substantial shareholder as it trims back plans for an initial public offering
Laeisz buys into Gram Car Carriers through two-ship sale Read More »
‘No escape’ from low rates for VLCC owners in West Africa
VLCC spot rates keep languishing while suezmaxes show some improvement Read More »