The scourge of piracy and maritime kidnap is not a new phenomenon, it is its endurance worldwide that causes the most discouragement. In the last year we’ve seen several high-profile, sobering cases and Greek operators have not been immune. With the co…
Kidnap: Managing your stakeholders Read More »
US gasoline imports have dropped well below the 2015-2019 average, despite the kick-off of the peak gasoline season. The US driving season, which ranges from Memorial Day (the last Monday in May) to Labor Day (the first Monday in September), represents…
US gasoline imports 40% below 5-year average heading into driving season Read More »
Ship owners are refraining from aggravating the existing balance between demand and supply, already not in their favor in many ships classes. This translates to a lull in newbuilding activity, a trend also noticed during the 2009-2010 crisis. In its la…
Minimal Activity Becomes the Norm in the Shipbuilding Market Read More »
The COVID-19 pandemic has sent shock waves through the shipping industry. The supply glut of crude oil due to the Saudi/Russian price war and the declining demand due to global “stay at home” advisories sent tanker rates through the roof as oil traders…
Tale of Two Vessels: Hedging Freight to Control Costs Read More »
The unexpected outbreak of COVID-19 and its unforeseen consequences all over the world have not left the commercial sector in Cyprus unaffected. Emergency measures such as travel restrictions, citizens placed on quarantine and self-isolation are only s…
COVID-19: A Force Majeure event? Read More »