The world economy depends on the maritime traffic for keeping its supply chain working, this has been specially true during the pandemic and the trend will go further. The closure of the Suez canal by a sanded ship and the quarantines in some Chinese p…
Blockchain Vessel Maintenance Record Book Read More »
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (the seller) was contracted to sell the VLOC Shagang Giant to NKD Maritime Limited (the buyer) by way of a Memorandum of Agreement (MO…
Nuances of force majeure clause Read More »
Coal imports of up to 40 million tons, coming into the EU from Russia, need to be replaced from other sources. This could present a significant opportunity for the dry bulk market. In its latest weekly report, shipbroker Intermodal said tha “amid the u…
Dry Bulk Market: Coal Trade a Boon for Bulkers Read More »
Container shipping: Drewry container equity index slumped 25.9% YTD 2022 (as of 15 July 2022), after recording a significant valuation gain of 79% and 133.7% in 2020 and 2021 respectively. Liner stocks started 2022 on a positive note but the global pol…
Several major Container ports on the US East Coast are experiencing elevated levels of congestion, but a few remain relatively free flowing and uncongested. As Container lines reposition services away from the US West Coast, where waiting times hit onc…
Supply Chains Backed Up on US East Coast, But Free Flowing Pockets Remain Read More »