On 25 April 2022, BIMCO published its first own standard form of a ship sale and purchase agreement, called: SHIPSALE 22. According to BIMCO’s accompanying statement, publication concluded a two-year drafting process, which reportedly considered over 8…
Shipsale 22 – So what’s new? Read More »
The tanker market has entered into recovery mode during the month of June. In its latest monthly report, OPEC said that dirty tanker spot freight rates in June recovered some of the losses seen the previous month. The tanker market continued to improve…
Tanker Market in Recovery Mode Read More »
Is there a misalignment between incentives to improve carbon intensity? That was the question posed by Alessio Sbraga, a partner in HFW’s shipping department in London, at a recent joint Baltic Exchange and Institute of Chartered Shipbrokers webinar. S…
Contractual chaos of emissions regs Read More »
After more than two years of chronic delays in container shipping, shippers are finally seeing continuing improvements in both transit times and in port delays, according to the latest metrics measured by Drewry Shipping Consultants. Since January, por…
Ship owners have been upping their newbuilding contracting activity with more deals being reported after each passing week. In its latest weekly report, shipbroker Allied commented that “the impressive performance in terms of newbuilding orders continu…
Ship Owners Are Loading Up on Newbuildings Read More »