The year 2021 has been volatile for the LPG shipping industry. VLGC rates hit a peak at USD 110,000pd in January but soon nosedived by more than 90% in February, with charter rates on the key AG-Japan route touching USD 6,000pd. The wild swings after s…
LPG Shipping Stocks – What lies ahead? Read More »
Capesize The Capesize market continued the trend from last week, seeing solid improvements throughout the week on all routes – but lost ground in the very last day of the week. The timecharter average was up to the highest of the bulker sectors i…
Dry Bulk Market: Capesize Market Rebounds Strongly Over Past Week Read More »
Overview A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund…
BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts Read More »
Global food trade looks set for a resilient year ahead despite supply and demand uncertainties, according to a report from the Food and Agriculture Organization of the United Nations (FAO). Trade flows for agricultural, and particularly less-perishable…
DNV has launched the EEXI Calculator – a digital tool to support customers in ensuring their compliance with the upcoming Energy Efficiency Existing Ship Index (EEXI). The regulation is expected to be adopted at this week’s 76th meeting of the Marine E…