Bunker availability continues to be tight for residual fuels in Singapore, while fuels are available at shorter notice in Zhoushan and Fujairah this week. Singapore’s fuel oil stocks fell by 8% in the week to 17 February, when they measured 19.38 milli…
ENGINE: East of Suez Fuel Bunker Fuel Availability Outlook Read More »
LPG shipping rates have seen what can only be called a dramatic start to the year. The steep gains, followed by the freefall have dwarfed the volatility seen in 2020. As we move deeper into 1Q21, and China comes back into the picture after a long holid…
LPG shipping rates: the rise… and the fall Read More »
Credit bidding is the process whereby a lender, with a secured charge over a borrower’s asset, bids on that asset using the very debt that is owed by the borrower to the lender. The circumstances are usually foreclosure of a lending position against a …
To bid or not to bid: Credit bidding in vessel sales pendente lite Read More »
Snowstorms and power outages have disrupted barge loadings and pushed up prices for prompt bunker deliveries in Houston and other US Gulf Coast ports. Blackouts in Houston and Galveston have disrupted bunkering in the area. Barges have been prevented f…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure. The star…
Who is responsible for the cargo when force majeure is declared? Read More »