The Singapore Chamber of Maritime Arbitration (SCMA) provides a framework for maritime and international trade arbitrations. SCMA arbitration based in Singapore is the default choice for dispute resolution under the Singapore Standard Code of Practice …
New SCMA Rules: Reflecting the New World of Arbitration Read More »
The annual Shipping Industry Flag State Performance Table, from the International Chamber of Shipping, has identified reporting on seafarer wellbeing as a “casualty of the pandemic,” following its publication this week. The Table is intended to encoura…
Long-term contracted ocean freight rates fell by 3.6% in January, according to the latest Xeneta Shipping Index (XSI®) Public Indices. Based on crowd sourced data from leading global shippers, the analysis shows the second consecutive monthly rates dec…
Capesize The Capesize market looked to have found a bottom by week’s close as rates descended throughout before bouncing back a little at the end. The 5TC weighted average opened the week at $7,390, descended to a low of $5,826 before settling at week’…
Dry Bulk Market: Capesizes Find Bottom Read More »
Container shipping: The container shipping sector looks set to continue its extraordinary profitability cycle in 2022, given the current supply chain logjams and the rising threat of the Omicron variant. We expect the situation to normalise slightly af…
Drewry Maritime Financial Insight – January 2022 Read More »