Container terminals depend on carrier calls to generate business, which can vary according to market developments and liner network changes, which have been highly volatile of late. Hence, gaining carrier commitment, ideally through investment, is seen…
Carrier commitment key to success for container terminal investments Read More »
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% since the start of Q4 to USD 22.23 mil. Of the sale and purchase transactions recorded last month, the average age was 19 years. Values for this sector moved…
Capesize values for older vessels rise in October Read More »
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] EWHC 2234 (Comm) gave rise to various issues under the letters of indemnity (LOIs) that had been given in order to secure delivery o…
Realities of LOI liabilities Read More »
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI enter into force on 1 November 2022. Developed under the framework of the Initial IMO Strategy on Reduction of GHG Emissions from Ships agreed in 20…
Rules on ship carbon intensity and rating system enter into force Read More »
The past month was, in essence, a continuation of the developments which had already been underway for several months. Rates in the spot markets continued to decline sharply, most severely in the Asia to US West Coast market where the levels are now ra…
Containers: Continued downwards trend Read More »