The 8th Implementing Regulation (EU) 2024/1975 of 19 July 2024 amending the Marine Equipment Directive (MED) 2014/90/EU was published in the Official Journal of the EU. The Implementing Regulation (EU) 2024/1975 will come into force on 4 September 2024…
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred. In brief, the answer is a resounding “no”, although the process is slightly simpler and the new form has some provisions th…
Tune-up for general average form Read More »
A major explosion has occurred on a container ship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. The incident took place today, Friday, with video footage showing a massive explosion onbo…
This week’s chart shows that the growth in tonne days for dirty tankers has slowed since May compared to last year, with a continued decline into August. This suggests that dirty tanker demand is weakening as the summer season ends, confirming th…
Tanker Demand Growth – Tonne days Read More »
Ocean container shipping demand from China to North America and North Europe continued to break records in June as importers rushed to protect supply chains amid the global disruption caused by conflict in the Red Sea. The latest data, released this we…