September 2023

Tankers: Russian Crude Oil Exports via the Northern Sea Route Are Expected to Increase in the Future

Russia’s crude oil export routes are in a state of constant flux, as the exporter is shifting volumes to other clients/countries, China being one of the main ones. As such, the importance of alternative and more cost-effective routes is increasing. In …

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Dry Bulk Market: Capesize Market Trading Down in UK and Singapore Holidays This Week

Capesize The Capesize market observed a shortened trading week due to the public holiday in the UK on Monday and another in Singapore on Friday. Trading in the Pacific region displayed consistent volumes throughout the week. The presence of all three m…

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The Hong Kong Convention, EU regulation and outstanding legal issues in various states

With the accessions of Bangladesh and Liberia as contract parties, the Hong Kong Convention (“HKC”) will enter into force in 2025. The HKC applies to ships flying the flag of a contract party and ship recycling facilities (“SRFs”) under the jurisdictio…

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