With mounting global efforts to combat climate change, the shipping and offshore sectors are subject to ever-increasing scrutiny and regulatory intervention. Reed Smith shipping partner Nick Austin and associate Eleni Pilaviou highlight the significant…
Navigating decarbonisation – contractual considerations Read More »
Do you know the name of the first navigator who used “weather routing” on his voyage from Europe to faraway lands and back? It wasn’t Christopher Columbus, Vasco da Gama, Juan Sebastian Elcano, Walter Raleigh or any other famous name …
Larger and ageing tankers have enjoyed a second lease of life through their employment in moving Iranian or Venezuelan barrels. In its latest weekly report, shipbroker Gibson said that “last year saw a notable increase in tanker demolition, recording t…
Ageing Tankers Employed in Illicit Trades, Instead of Heading for Scrap Read More »
Capesize This week, the tailwinds turned to headwinds for the Capesize market as a dip in values amongst bearish sentiment was evident for most regions. The Pacific Ocean trade had the charterers in the driving seat as they often managed to achieve low…
Dry Bulk Market: Capesizes Face Headwinds Read More »
Supply chain challenges continue to worsen, exacerbated by higher levels of port congestion and shipping delays at ports in Shanghai and elsewhere in China due to Covid-19 lockdowns. Coupled with ongoing congestion at ports elsewhere in the world and l…
Container shipping situation worsens due to congestion, delays, and empty containers Read More »