Terminals sometimes require an owner to accept certain conditions before allowing the vessel to access or use their facilities, typically in the form of a “Conditions of Use” document, “Port Liability Agreement” or similar (COU)…
Conditions of Use (COUs): the charterers’ perspective Read More »
Void spaces Tanker men are usually familiar with the dangers of cargo tanks and other enclosed spaces; they are used to the problems of gas-freeing and checking for dangerous gases and lack of oxygen. They have the equipment and understand the need for…
A surveyor’s survival Read More »
The ship recycling market has remained in “struggle” mode over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling activities across all major destinations continue to str…
Ship Recycling Market Still Struggling Read More »
The special focus this week is on the monthly quantity of soybeans and corn exported to China, comparing the current year’s shipments to the growth trends seen in the previous two years. Brazil continues to surpass the U.S. in terms of monthly shipment…
Grain dry bulk flows to China Read More »
“Between January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high freight rates and strong demand, delaying the recycling of older ships. On the supply side, the fleet has …
Strong dry bulk market fuels 42% drop in ship recycling Read More »