Capesize The surge in Capesize rates abruptly flattened off this week as global markets continue to be highly volatile. The Capesize 5TC lowered -591 from last week to settle at $21,604, yet the market remains primed for movement. Underlying reductions…
Dry Bulk Market: Capesize Market Cools Down After Recent Surge Read More »
To help meet environmental regulations and reduce the environmental impact of the shipping sector, increasing percentages of bio-components are being added to marine fuels. But what difference does this make to fuel husbandry and are there any risks to…
Bio-Content in Marine Fuel Helps Reduce Emissions – but will it leave you ‘all at sea’? Read More »
Prompt bunker availability tight in major regional ports • US fuel oil stocks fall further below five-year average • New barging surcharges come into effect Several suppliers are unable to commit to prompt HSFO380, VLSFO and LSMGO deliveries in Houston…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
Sanctions cause payment confusion This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercise of a force majeure provision in a contract of affreightment in response to the charterer’s difficulties paying …
A force majeure to be reckoned with Read More »
Russia’s invasion of Ukraine will impact seafarer availability to crew the world’s merchant fleet, particularly for officers where supply has tightened, leading to rising wage inflation and higher vessel operating costs. Both Russia and Ukraine have hi…
Russia-Ukraine conflict to drive up seafarer wage inflation and vessel operating costs Read More »