Despite the fact that crude oil sea loadings from Iraq are mainly headed towards China and India, the EU has also emerged as a leading destination during the first 11 months of 2022. In its latest weekly report, shipbroker Banchero Costa said that “202…
Iraqi Crude Oil Exports to the EU Skyrocketed This Year Read More »
In Grand Famous Shipping Limited, et al. v China Navigation Co., the United States Court of Appeals for the Fifth Circuit reviewed the traditional duties owed by a time charter to third parties in tort. although asked by the plaintiffs to broaden these…
Duties arguments “unmoored from reality” Read More »
Labour disputes at key maritime gateways are continuing to spread, increasing port delays and disrupting international supply chains, fuelled by an escalating cost of living crisis. While much attention has been focused on European and North American d…
Strike action continues to plague ports and international supply chains Read More »
The dry bulk market is expected to remain in transitionary mode for longer than initially expected, if the existing FFA rates are of any indication. In its latest weekly report, shipbroker Allied Shipbroking said that “less than one month prior to the …
Dry Bulk Market To Remain in Transit Mode for Quite Some Time, Analyst Claims Read More »
The ocean freight rates landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes. By comparison, long-term rates are proving more resilient, wi…