This question came up before Mr Justice Baker as part of an appeal from a decision made in arbitration. Bananas were loaded on a vessel called “The Baltic Strait”. Despite being loaded in apparent good order, they were found to be damaged on arrival at…
Can the holder of a bill of lading claim damages for losses sustained by someone else? Read More »
While much has been discussed on the record-breaking year of tanker demolitions, the market is about to enter into a relatively calm period. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “with Ramadan now having finished…
Demolition Market Quiets Down Read More »
VV Analyst Court Smith, discusses what’s next for the shipping industry if possible tarrifs are put in place by the US against China. Tankers The restriction on US crude exports was lifted in December of 2015, removing a market distortion that re…
US China Trade War: A Shipper’s Guide Read More »
At its 51st meeting last month, the Paris MoU Committee approved the 2017 inspection results and adopted new performance lists for flags and Recognized Organizations (ROs). These lists will take effect from 1 July 2018. The “White, Grey and Black (WGB)…
Greek Flag Remains on Paris MoU “White List” Read More »
For a long time, dry bulk ship owners were looking ahead to 2017-2018 as the years during which they could enjoy the benefits of the market’s rebalancing and see freight rates recover above break-even point, for a first time in years. However, fe…
Will the trade war derail the dry bulk market’s recovery? It certainly can Read More »