A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing institutions and private practice lawyers from Asia, Europe and the US began work this week to develop a standard letter of quiet enjoyment (L…
BIMCO embarks on new standard for “quiet enjoyment” Read More »
International Registries, Inc. and its affiliates (IRI) recently formalized its Corporate Services Group (CSG) under the leadership of Theo Xenakoudis. Theo was promoted to Chief Commercial Officer earlier this year to expand client support and busines…
International Registries: Formalizing the Corporate Services Group Read More »
Highlights – The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse global economic developments have impacted expectations. – The IMF has lowered its global economic growth forecast to 3…
Dry Bulk Market: EU’s ban on Russian coal lifts demand despite economic headwinds Read More »
Following a contraction in output of newbuild 20ft shipping containers in 2021, ordering has recovered strongly this year, and contrary to popular opinion Drewry expects its share of the global container equipment fleet to remain above 25% for the fore…
Talk of phasing out the humble 20ft shipping container is misplaced Read More »
Capesize The Capesize sector spent the week trundling along the market floor as the last few day’s brief revival of rates was quickly wiped out, returning the 5TC back to $5-6k OPEX levels. On a more positive note, the Atlantic basin has begun to see a…
Dry Bulk Market: Capesize Sector Flat on Mixed Performance Read More »