Tanker freight rates have experienced weakness this year as persistent over ordering in previous years come to fruition in the form of an unbalanced market. The fundamental relationship between transport demand and vessel supply truly dictates the dire…
More to Come Down the Road Read More »
Introduction The Maritime Labour Convention, 2006 (MLC) entered into force on 20 August 2013. The convention establishes minimum working and living standards for all seafarers working on ships and aims to ensure seafarers’ rights to decent employment c…
The Maritime Labour Convention – theory and practice Read More »
Iran, Venezuela and again Iran are among the typical geopolitical factors which have affected the tanker market over the course of the past few years and the Middle Eastern country is back into play once again. In its latest weekly report, shipbroker A…
Tanker Market and the Scrapped Iran Agreement: What Do Shipbrokers Say? Read More »
For weeks, the main story in the demolition market was about Pakistan. This time around the “tune” of the market is heading further more to the East. In its latest weekly report, shipbroker Clarkson Platou Hellas highlighted this very fact, by noting t…
Demolition Market: After Pakistan, Here Comes China to Shift the Market Again Read More »
Newbuilding ordering activity has shifted towards more specialized vessels according to shipbroker reports this week. Allied Shipbroking said that “it was yet another week with a fair flow of new order deals coming through, though this time around it w…
Specialized Ships On the Shipbuilding “Menu” Read More »