Newbuilding orderbooks have dipped to historically low levels relative to existing fleets, with the dry bulk carrier sector one of the most extreme examples. “The current bulker orderbook of 56.1 Mdwt represents just 6.3% of the existing capacity…
Shipping implications from the IMO’s MEPC 75 Read More »
Have Nordic countries laid down a roadmap for the rest of the world to follow when it comes to decarbonising shipping? New research from the International Transport Forum (ITF) believes so. Its recently published Lessons from the Nordic Region report c…
Nordic lead on shipping’s decarbonisation Read More »
This year, tanker shipping will not benefit from the usual strong winter seasonal effect. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given the oil supply …
Tanker shipping: worst not yet over as industry pays for strong second quarter Read More »
Innovation is touching every corner of the shipping industry, with major changes underway in the way owners are buying bunkers. Rising oil volatility has caused an increasing number of shipping companies to start procuring their fuel months in advance….
Shipowners Rush to Bunker Hedging Read More »
Letters of indemnity (LOIs) are common in the shipping industry and are often used to ‘oil the wheels’ where a charterer wants to do something that does not fall squarely within the terms of the charterparty. The owner may be willing to comply, as long…
Careful drafting of LOI invocation clauses in charterparties avoids later surprises Read More »