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RightShip: Climbing cases of seafarer abandonment places profits above people as $40 million is lost in unpaid crew wages

Reported rates of seafarer abandonment show no signs of slowing, with current figures listing 9,925 men and women cast adrift over the last 20-years. This is according to the latest research from leading ESG-focused digital maritime platform, RightShip…

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Drewry: Despite strong long-term investment case, looming uncertainties dampen our near-term outlook

After a slow start in 1Q22, stocks prices slumped for two consecutive quarters – 2Q22 and 3Q22. This further eroded the sectors’ valuation multiple (EV/EBITDA), which was trading at a multi-year low, opening a bargain window for investors. As a result,…

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UN General Assembly Adopts Convention on the International Effect of Judicial Sales of Ships

The United Nations General Assembly adopted the UN Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The Convention looks to ensure certainty on an international scale regarding legal aspects of a ship’s judicial sa…

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Tankers: Higher Crude Production Would be Welcome, But It’s Not Looking Likely At the Moment

The tanker market and most notably the larger sizes could benefit from higher production figures, but at things stand no such development is close to fruition. In its latest weekly report, shipbroker Gibson said that “this week, the Joint Ministerial M…

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