Over the past month, the market downturn has gathered further steam, and we are now entering the phase where the market in places is now beginning to go below pre-pandemic levels as the correction downwards from the historical high turns into a price w…
FBX Index December: A hard landing in progress Read More »
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the Pacific, the rates for the west Australia to Qingdao trade were defined by pre or post-Christmas loading, with more prompt-dated vessels get…
Dry Bulk Market: Capesizes Rise Again Read More »
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions by 2050. More crucially, support appears to be building for the International Maritime Organization (IMO) to also adopt an…
UN shipping agency inches towards 2030 emission reduction goal 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 »
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…