Bunker availability continues to be tight in East of Suez ports, as pre-Lunar New Year bookings have put pressure on delivery schedules across most ports, stretching lead times for bunker fuels. Singapore’s very low sulphur fuel oil (VLSFO) bunker mark…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
The Sustainable Shipping Initiative (SSI) has published a white paper setting out sustainability issues and principles surrounding marine fuels under consideration for shipping’s decarbonisation. The paper, titled Defining sustainability criteria for z…
A recent judgment from the Commercial Court has emphasised the importance of accurate wording for letters of undertaking (LoUs), especially in relation to arbitration agreements and time extensions. A cargo damage claim in Lavender Shipmanagement Inc v…
Getting letters of undertaking right Read More »
Capesize The market began to meet increased resistance to the recent slide in rates as the week progressed. With talk of a floor being found to provide some stability, it was heard that forward markets reacted positively. The north Atlantic basin was t…
Dry Bulk Market: Is the Rally Over? Read More »
Post-WWII globalization is driven simultaneously by multilateral integration as well as the formation of regional trade agreements (RTAs). From an economic theory point of view, multilateral integration is the first best choice over regional integratio…
RCEP – the game-changer in the post-COVID-19 global economy? Read More »