Chinese booming shipbuilding sector also sees demand for steel surge 140% on-year, absorbing excess supply
India, ASEAN demand for iron ore to offset China construction slump Read More »
Privately owned shipyard has captured 13% of the global VLCC orderbook
Jiangsu New Hantong piles up 40 VLCC newbuildings on its orderbook Read More »
Legislation would create Maritime Security Trust Fund, seafarer tax breaks and export financing for ships
A return to normal? “Even if the Strait of Hormuz reopens, significant uncertainty will remain and continue to shape market outcomes,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Key uncertainties include whether the US/Iran agreement …
Container Shipping Market Overview & Outlook Read More »
A time charterer who fails to pay hire under a time charterparty, whether due to temporary financial difficulties or to insolvency, can cause cash flow and other problems for the shipowner. The shipowner may elect to withdraw the vessel from service pu…
A shipowner’s right to intercept sub-freight and sub-hire: cases and comment Read More »