The product tanker market has had the biggest shift since the start of the Red Sea crisis. In its latest weekly report, shipbroker Intermodal said that “Houthi attacks on Red Sea have significantly disrupted the global oil markets, elevating security c…
EU’s Rise in Product Oil Imports from the US is Shifting Tanker Market Trade Flows Read More »
In a well-timed decision given the current situation in the Red Sea and Gulf of Aden, the UK Supreme Court recently handed down judgment in Herculito Maritime Ltd v Gunvor International BV [2024] UKSC 2, a decision that arose from seizure of a ship by …
Supreme Court guidance on war risk provisions in charterparties Read More »
The 10th session of the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW 10) was held from 5 to 9 February 2024. A comprehensive revision of the STCW Convention and Code was initiated to address experiences, emerging challenges and …
IMO Sub-Committee on human element, training and watchkeeping (HTW 10) Read More »
The impact of the Red Sea crisis on tanker freight rates hasn’t been that great, apart from a few key routes and ship types, but that could soon change. The longer the Red Sea crisis continues, the bigger the impact is expected to be in the tanker mark…
Tankers: Red Sea Crisis Impact Not That Significant Yet Read More »
Capesize The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity. Weather disruptions in China and a gradual start in the Atlantic were notable factors. By midweek there was a significant boost to market…
Dry Bulk Market: Capesize Market Slowing Down as China’s Lunar New Year Holiday Underway Read More »