The owners requested counter-security from their charterers for a claim they secured toward head owners, under Clause 9 of the 2011 Inter-Club Agreement (ICA). The charterparty, an amended NYPE 1946 form, contained a clause stating “(l)iability for car…
Incorporation of 2011 Inter-Club Agreement in charterparties Read More »
As the final quarter of the year is nearing, ship owners will undoubtedly be looking forward to yet another strong end of the year, in terms of the freight rate market. In its latest weekly report, shipbroker Allied Shipbroking said that “as we edge cl…
Will Autumn Season Bring the Much Anticipated Shipping Market Rally? Read More »
Demand BIMCO expected the crude oil tanker market to continue its struggle from 2017, but the magnitude of it has been staggering, as evidenced by the worst freight rates on record. This is particularly true for crude oil tankers, but the oil product t…
A record poor tanker market with a growing fleet is prolonging the crisis Read More »
There has been a significant trend developing around wind propulsion technologies over the last 12 months and with potential fuel savings of 10-30% for retrofit installations and up to 50% for optimised new builds it is no wonder that the industry is s…
Five Misconceptions of Wind Propulsion Solutions for Commercial Vessels Read More »
As we enter the final part of 2018, a resurgence in demolition activity, which has retreated over the course of the summer months, would be very welcome, in order to further alleviate overtonnage issues in various parts of the shipping market, most not…
Demolition Activity Crucial For Shipping Market Relief Moving Forward Read More »