Carbon dioxide emissions from 17 of the world’s leading ocean container carriers, representing approximately 85 percent of global containerized shipping, continued to fall in 2019, according to a new report from Clean CargoTM, a collaborative initiativ…
As China’s iron ore needs increase, Japan’s dwindle, in what could be a further sign of the dry bulk market’s instability. In its latest weekly report, shipbroker Banchero Costa said that “while Chinese production of steel continues to increase, a slum…
Dry Bulk Market: Japan’s Iron Ore Imports on the Decline Read More »
The seasonal transpacific price tumble has begun, with China-West Coast prices dropping 13% from last week. Last year they dropped by 25% in the three weeks following Chinese New Year, and by 17% over the same period in 2017. With transpacific prices s…
Containers: Prices in Transpacific Trades Begin their Downward Path Read More »
Having recently advised on a number of disputes arising under the BIMCO SHIPMAN 2009 contract (referred to herein as “SHIPMAN”), some common misunderstandings have arisen regarding how the contract operates, including the parties’ respective duties and…
FAQs on BIMCO SHIPMAN 2009 Read More »
Demand for dry bulk carriers remained high over the past week. Ship owners are eager for more tonnage, on the back of improving market fundamentals. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, interest re…
Dry Bulkers Still in High Demand Read More »