The tanker market has posted significant gains so far this year, which has also been translated in value increases. In its latest weekly report, shipbroker Allied Shipbroking said that “the rapid recovery noted in the crude oil freight market has sent …
Tanker Values Post Significant Gains Read More »
BIMCO Deputy Secretary General, Lars Robert Pedersen, and Director, Contracts & Support, Stinne Taiger Ivø, explain the nature and pitfalls of the regulation and why the CII clause needs careful drafting to work in practice. Decarbonising the shipp…
CII: what it means in practice and why a workable clause is essential Read More »
The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios. Speaking at this year’s Chicago conference, Isabelle …
IUMI reports rising cargo insurance premiums Read More »
The demolition market has firmed up in prices offered by some yards as of late, but the past week’s abrupt currency declines have created further insecurity among market delegates. In its latest weekly report, shipbroker Clarkson Platou Hellas said tha…
Currency Issues in the SouthEast Asian Market are Impacting the Ship Recycling Activity Read More »
2022 will be a record year for container shipping companies. We expect the sector’s revenue to jump by +19% y/y and its operating cash flow to grow by +8% y/y. While freight rates have fallen -32% year-to-date, they are still well above the pre-pandemi…
Shipping: liners swimming in money but supply chains sinking Read More »