A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative to create a library of sanctions…
BIMCO publishes Sanctions Clause for the container trade Read More »
Freight rates continue to spike as the box logjam worsens. Carriers tell Drewry how they plan to help repair the system. A new year, the same vertical take-off for container freight rates. The worsening blockage of the container shipping supply chain h…
How to fix the container blockage Read More »
Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boost in Decemb…
After the party, the hangover is proving drawn out for tanker shipping Read More »
The International Chamber of Shipping (ICS) has published the latest Flag State Performance Table (2020/2021) which finds that many of the largest flag states – including the Marshall Islands, Hong Kong (China), Singapore as well as the Bahamas and Cyp…
ICS Launches New Flag State Table Read More »
Capesize The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down -884 to $24,631. This was a positive difference of $733 to the beginning of the week. The market was not with…
Dry Bulk Market: Capesizes on a Roll Read More »