The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the difference between a guarantee and an indemnity, why it matters, and what steps can be taken to protect the shipowner’s position. Ship…
Is your guarantee a guarantee? Note to shipowners Read More »
Brazil’s iron ore exports grew by 7.9% in 2023, favoring higher ton-mile demand for dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa discussed the global iron ore trade and Brazil’s exports in particular. According to the repor…
Dry Bulk Market Benefiting From Higher Brazilian Iron Ore Exports Read More »
The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a profess…
‘Sky’s the limit’ for shipping derivatives Read More »
The Xeneta Shipping Index (XSI®) has posted its biggest global increase in 18 months – just days before many US shippers begin negotiations over new long term contracts. The global XSI®, which calls upon Xeneta’s crowdsourced data to measure the averag…
Tanker ordering activity has continued to dominate newbuilding contracts over the past week. In its latest weekly report, shipbroker Intermodal said that “this week saw more tanker orders as low orderbooks and high freight rates encourage owners to ord…
Tanker Newbuilding Orders Going Strong Read More »