Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may affect trade patterns, should longer waiting times result in operations through the Panama Canal becoming commercially unviable. Charter …
Congestion in Panama to support charter market Read More »
The tanker market showed a mixed performance in August, OPEC said in its latest monthly report, which was released this week. Dirty tanker freight rates continued to decline across all monitored routes as long tonnage lists and reduced activities weigh…
Tanker Market: Mixed Performance During August Read More »
The maritime industry is no stranger to risks and uncertainties. From marine accidents due to human error and natural disasters, to geopolitical conflicts, the challenges faced by shipowners, operators, and cargo owners are diverse and complex. One cru…
“Navigating Uncertainty: The Importance of Marine War Risks Insurance Read More »
In the complex world of international commerce and maritime transactions, the negotiation and execution of charterparty agreements often set the stage for potential disputes. The intricacies of these contracts can be labyrinthine, and disputes can aris…
Charterparty pitfalls and dispute resolution Read More »
The tanker market has been in a constant state of flux, with cargoes destined to derive from various locations, not so active in the past and vice versa. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “oil markets were very busy …
Tankers: Cargo Demand Is in a Permanent State of Flux Read More »