The Republic of the Marshall Islands (RMI) is pleased to be recognized for an unparalleled 17 consecutive years on the United States Coast Guard’s (USCG’s) QUALSHIP 21 roster. The RMI is the only one of the world’s three largest registries to attain QU…
The attacks on merchant ships in the Gulf of Guinea by Nigerian pirates must end. So far, 99 maritime companies, organisations and flag states, including BIMCO, have signed the Gulf of Guinea Declaration on Suppression of Piracy, which was launched tod…
Shipping industry launch the Gulf of Guinea Declaration on Suppression of Piracy Read More »
Capesize As the week progressed it became clear that the Capesize market wasn’t having a small retracement but was in for a more significant downturn as the 5TC dropped $6,972 week-on-week to settle at $34,542. While Friday’s sharp selloff in the Pacif…
Dry Bulk Market: Capesize Segment In Retreat Read More »
The dry bulk index keeps its increasing trend driven by buoyant sentiment in dry bulk capesize freight rates. The capesize freight market has been trading strongly since the beginning of April to reach levels not seen in the past decade. The capesize 5…
In the case of A v. B [2021] EWHC 793 (Comm), the seller under a sale contract jumped the gun and found themselves in breach when they purported to terminate the contract prematurely on the ground that they (mistakenly) considered the buyer was in repu…