2020 has been a turbulent year for shipping to say the least and things weren’t that different when it comes to the shipbreaking industry as well. In its latest report, shipbroker Clarkson Platou Hellas noted that “in what has been a completely turbule…
Capesizes Were The Most Scrapped Ship Class During 2020 Read More »
In a significant decision for the maritime sector, The Eternal Bliss[1], the English Commercial Court has resolved a much-debated question, answering that an owner can, under certain circumstances, recover damages in addition to demurrage for delay to …
The proliferation of serious fires onboard container ships in recent years has shocked the shipping industry. Andrew Gray considers the causes and impact of such fires and the urgent efforts being made by a wide variety of stakeholders to solve this se…
Tackling the scourge of container ship fires Read More »
As Middle East crude oil exports are a vital part of the tanker market, it’s worth taking a look at the latest market fundamentals. In a recent weekly report, shipbroker Banchero Costa said that “Kuwait is the fourth largest exporter of crude oil in th…
Choppy waters: Rebalancing of crude tanker market looks difficult as demolitions decline. The ongoing lull in scrapping activity is a worrying sign for the crude tanker market which is struggling with overcapacity. Moreover, a sharp decline in vessel e…
Rough Seas Ahead For Crude Tanker Market As Demolitions Drop Read More »