The seasonal transpacific price tumble has begun, with China-West Coast prices dropping 13% from last week. Last year they dropped by 25% in the three weeks following Chinese New Year, and by 17% over the same period in 2017. With transpacific prices s…
Containers: Prices in Transpacific Trades Begin their Downward Path Read More »
Having recently advised on a number of disputes arising under the BIMCO SHIPMAN 2009 contract (referred to herein as “SHIPMAN”), some common misunderstandings have arisen regarding how the contract operates, including the parties’ respective duties and…
FAQs on BIMCO SHIPMAN 2009 Read More »
The shipping industry has already starter using low-sulphur fuels since the start of the year. However, it could soon turn to even “greener” fuels in the coming years and sooner than originally planned. In its latest weekly report, shipbroker Gibson sa…
Could Shipping Turn to Alternative Fuels Sooner that Originally Thought? Read More »
Capesize The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With no particular improvement in fundamentals – and a relatively quiet fixing week – owners may have shown enough…
Dry Bulk Market: Capesizes Fight Back Read More »
Shipping guidelines and recommendations are encouraging shipowners and operators to focus mainly on bureaucratic, procedural controls. This might feel like a cheaper, easier way to address the “cyber security problem”. But there is a risk it will turn …
Security through bureaucracy is pain with limited gain Read More »