New research has found that where cyberattacks in the maritime industry lead to a ransom payment, shipowners pay more than $3 million on average to the perpetrators. The report, which was produced by maritime cyber security company CyberOwl and global,…
CyberOwl, HFW Report: Maritime Industry Pays Average $3m Ransom In Cyberattacks Read More »
To help meet environmental regulations and reduce the environmental impact of the shipping sector, increasing percentages of bio-components are being added to marine fuels. But what difference does this make to fuel husbandry and are there any risks to…
Bio-Content in Marine Fuel Helps Reduce Emissions – but will it leave you ‘all at sea’? Read More »
Prompt bunker availability tight in major regional ports • US fuel oil stocks fall further below five-year average • New barging surcharges come into effect Several suppliers are unable to commit to prompt HSFO380, VLSFO and LSMGO deliveries in Houston…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
Sanctions cause payment confusion This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercise of a force majeure provision in a contract of affreightment in response to the charterer’s difficulties paying …
A force majeure to be reckoned with Read More »
The deadline for compliance with the IMO’s Energy Efficiency Existing Ship Index (EEXI) is looming. Are charterparties flexible enough for the transition phase? How should parties approach the new time charterparties which they are entering into to cat…
Under the lens – BIMCO’s EEXI transition clause for time charterparties Read More »