It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This is in part because English courts or arbitration tribunals will interpret these clauses strictly and narrowly against the party seek…
Force majeure success not a sea change Read More »
A reduction of 50% in the Baltic Dry Index from mid-December until the end of January has created “waves” in the S&P market as well, with values falling. In its latest weekly report, shipbroker Intermodal said that “contrary to the December 2018 fo…
The business section of any publication is usually chock full of indices like the S&P, ZEW and the CPI, all of which are used by investment professionals to help gauge the health of the economy. However, when it comes to the shipping industry, whic…
Decoding the Baltic Dry Index Read More »
Most ship owners are refraining from committing funds in long-term projects, with newbuilding orders taking a back seat. The high volatility of the shipping markets, coupled with the additional uncertainty created by the trade wars, is causing more and…
Smaller Bulkers and Product Tankers in High Demand Read More »
It’s an uncertain time for aluminium, one of the products that has felt the impact of US President Donald Trump’s tariffs. However, according to world macro models and analyst expectations, aluminium is anticipated to trade at $1887.02/tonne by the end…
Dry Bulk Market: Primary aluminium needs are set to swell Read More »