The unprecedented demand for container slots fuelled by an increase in consumer spending and port congestion has caused containership rates to rocket in 2021. With the industry resorting to alternatives to satisfy global demand, Ian Short, Director, an…
If the containers fit, they ship? Read More »
The heatwave experienced in parts of the world has seen temperatures of between 40 – 42C recently – and according to an article in TradeWinds, ‘Shipyard work has become nearly impossible in the sweltering temperatures and workers have had to take unsch…
Global extreme weather patterns impact shipbuilding Read More »
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected to come into force around the world in 2023. Shipping income was expected to be outside of the rules. The …
Shipping: Global Tax Reform Read More »
Over the last six months we have seen a substantial increase in sale and purchase transactions, particularly in the container and dry bulk market. The value of ships as well as charter rates in these sectors have considerably increased which has result…
Pre-sale vessel inspections put S&P in the clear Read More »
On 25 April 2022, BIMCO published its first own standard form of a ship sale and purchase agreement, called: SHIPSALE 22. According to BIMCO’s accompanying statement, publication concluded a two-year drafting process, which reportedly considered over 8…
Shipsale 22 – So what’s new? Read More »