Article III r.6 of the Hague-Visby Rules provides that claims against the carrier are time-barred unless suit is brought within 12 months of the date of delivery or the date when the goods should have been delivered. However, does this apply to claims …
Time bar finding sets precedent Read More »
What was the container shipping segment in 2021, proves to be the case for the LNG tanker market thus far in 2022, as demand and supply fundamentals are heavily in favor of ship owners and charterers. In its latest weekly report, shipbroker Intermodal …
LNG Tanker Market the “Star” of 2022 Read More »
VLCC asset prices and rates are finally seeing the increases that the market was hoping for. Sentiment for Tankers is strong with VLCC earnings having risen consistently since June and peaking towards the end of September at almost 70,000 USD/day. This…
VesselsValue: Tankers continue to strengthen Read More »
As a part of European Union sanctions against Russia, the block banned coal imports from Russia starting 10 August. About two months have passed and Russia has struggled to redirect its coal exports, with export volumes down 7.0% y/y in this period and…
Russian coal exports fall 7.0% as EU sanctions bite, tonne miles up Read More »
LNG tankers are the “talk of the town” among ship owners, are the daily rates they command are allowing for significant profits. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “the LNG tonnage is still very …
LNG Tonnage in High Demand Read More »