Tanker and LNG carrier owner sees VLCC rates dip in 2024 but smaller ships benefited from Red Sea effect
Cosco energy shipping unit tips record annual profit amid ‘relatively prosperous trend’ Read More »
The tanker market is yet again caught in a “sea” of sanctions and changes. In its latest weekly report, shipbroker Gibson highlighted that “earlier this week, news emerged that one of the major port operators in China’s Shandong Province, Shandong Port…
Capesize The Capesize market experienced a turbulent week, beginning with notable softness but regaining momentum by Thursday and closing on a positive trajectory. The 5TC average started at $10,696 per day, dropped to $9,123 per day midweek, and rebou…
Dry Bulk Shipping: Capesize Market Begins 2025 in Turbulence Read More »
In the recent decision in Lord Marine Co SA -v- Vimeksim SRB DOO (Lord Hassan) [2024] EWHC 3305 (Comm), which the court has described as a paradigm case in which a sale should be ordered, the court has further considered its powers in support of arbitr…
Re-examining the right to force a cargo sale Read More »
All 18 crew of a Vietnam-registered general cargo ship have been rescued after their vessel sank off Singapore.The Hong Kong registered container ship Nicolai Maersk received a distress call from the Dolphin 18 on January 11 around 7:00am (Singapore…
Vietnamese General Cargo Ship Sinks, Crew Rescued Read More »