Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% since the start of Q4 to USD 22.23 mil. Of the sale and purchase transactions recorded last month, the average age was 19 years. Values for this sector moved…
Capesize values for older vessels rise in October Read More »
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] EWHC 2234 (Comm) gave rise to various issues under the letters of indemnity (LOIs) that had been given in order to secure delivery o…
Realities of LOI liabilities Read More »
Trafigura scores lucrative fixture to Kuwait Petroleum for scrubber-fitted ship
Premiums pay as eco VLCCs with scrubbers see spot earnings burst past $100,000 per day Read More »
Trafigura scores lucrative fixture to Kuwait Petroleum for scrubber-fitted ship
Premiums pay as eco VLCCs with scrubbers see spot earnings burst past $100,000 per day Read More »
Houston offshore giant posts first profit in more than five years as rates skyrocket
Tidewater drags customers into short-term charter deals to catch improving rates Read More »