Dry bulk market falls as capesizes lose steam on route from Brazil to China
Revised backhaul route falls into negative territory for first time in five months
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July 2022
Seaborne Iron Ore Trade Steady, While Ton-Mile Demand Increases
The global seaborne iron ore trade has remained quite steady over the past year and a half, but changes in ton-mile demand are making a difference, with Japan a prime example of that. In its latest weekly report, shipbroker Banchero Costa said that “gl…
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Blockchain Vessel Maintenance Record Book
The world economy depends on the maritime traffic for keeping its supply chain working, this has been specially true during the pandemic and the trend will go further. The closure of the Suez canal by a sanded ship and the quarantines in some Chinese p…
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Nuances of force majeure clause
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (the seller) was contracted to sell the VLOC Shagang Giant to NKD Maritime Limited (the buyer) by way of a Memorandum of Agreement (MO…
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US East Coast ports face container ship clogs as shippers avoid West Coast terminals
Port of Savannah has 40 container ships waiting at anchorage for berths while ports in New York and Houston also face backups
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