We are now in December and the tanker market remains surprisingly weak. At the time of writing, rates in the MR segment are around USD 8,000 per day – double the level earlier this autumn, certainly, but still some way below what an MR vessel req…
Concordia Maritime : The market – why not yet and why now… Read More »
Amid the wall of COP26 noise, at times it has been difficult to separate out the firm commitments and achievements of the last two weeks. But there is no doubt progress has been made in global maritime activity. Twenty-two countries, including the UK, …
Shipping Gets Ready for Green Corridors Read More »
The US crude oil export trade has been rather disappointing in 2021, following up on a similar trend from 2020. In its latest weekly report, shipbroker Banchero Costa noted that “2020 was overall a very negative year for crude oil trade. Total loadings…
Tankers: No Support from the US Oil Export Trade Read More »
World leaders’ knee-jerk reactions to the Omicron variant are putting transport workers and the global supply chain at greater risk of collapse, warn international transport organisations and unions representing road, air and sea transport. Cross-borde…
The Court of Appeal has handed down an important judgment in K Line PTE Ltd v. Priminds Shipping (HK) Co Ltd (Eternal Bliss) [2021] EWCA Civ 1712 in which it overturned a first instance decision as to when an owner can claim damages for delay, as well …
What does demurrage cover? Read More »