The Panama Canal, one the world’s largest shipping gateways is plagued by drought issues, adding another factor in the shipping market’s freight rate equation. In its latest weekly report, shipbroker Gibson said that “the Panama Canal stands as one of …
Panama Canal Drought Issues Improved, But Not Eradicated Read More »
Capesize The week started with a modest increase on the BCI 5TC, accompanied by steady activity in the Pacific and relatively calm conditions in the Atlantic. As the days progressed, the Pacific market saw increased activity and rising rates, particula…
Dry Bulk Market: Capesizes Keep Momentum High Read More »
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the difference between a guarantee and an indemnity, why it matters, and what steps can be taken to protect the shipowner’s position. Ship…
Is your guarantee a guarantee? Note to shipowners Read More »
The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognized government said on Saturday, warning of an “environmental catastrophe” from the ship’s cargo of fertilizer.The vessel…
Bulk Carrier Rubymar Sinks After Being Struck by Houthis it the Red Sea Read More »
Stricken Lebanese vessel had been abandoned, drifting and taking on water since 19 February
Bulker Rubymar sinks in Red Sea, 13 days after Houthi strike Read More »