A first draft of the BIMCO Force Majeure Clause will be presented for review at the BIMCO Documentary Committee meeting 25-26 January 2021. BIMCO’s new Force Majeure Clause is advancing and will provide a high threshold for invoking it in order to avoi…
New BIMCO Force Majeure Clause Ready For Review Read More »
Shipping has been thrust into the spotlight as the world grapples with decarbonisation. In the past, the sector has operated with minimal visibility to the worldwide population, all while transporting around 90% of its goods. However, its low-profile e…
Why the internal combustion engine is essential in shipping’s decarbonisation mission Read More »
Capesize The Capesize market broke lower this week down to $10,295 on the 5TC taking it out of its recent range. After a positive end to the week the 5TC now resides at $11,889. Owners’ focus looked to be dwelling on the reliable Pacific cargo flow as …
Dry Bulk Market: Capesizes End the Week on a Positive Note Read More »
It is nothing new to anyone in the international shipping business that testing moisture levels in ethanol and methanol is a complicated, tedious and extremely costly process – for many, unnecessarily so. The existing process is fraught with problems t…
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week. The intergovernmental organisation points to various trade agreements – including the US-China Phase I agreement signed e…
“Longstanding downside risks” to trade outlook Read More »