The world fleet of LNG carriers is expanding fast. A record 85 newbuilding contracts agreed at substantially higher prices in 2021 will boost today’s 610 deep sea trade LNG ships and we expect another year of record contracting in 2022. Ten more LNG ca…
LNG fleet seriously exposed to CII impact Read More »
Rates from North Europe to the US East Coast have increased dramatically over the past year, similar to any other main trade lane. With disruptions hitting container shipping globally, the non-major trade lanes have also experienced reverse cascading &…
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…