Just four VLCCs and five Suezmaxes have been scrapped during the Jan-October period, with most owners refraining from selling their older ships for demolition, altering the tanker market fundamentals. In its latest weekly report, shipbroker Gibson said…
Just 4 VLCCs Scrapped During 2019 Read More »
Capesize Over the past week the Capesize market has broken out of its recent range bound zone to the downside. It has now dropped below the $20,000 level on 5TC, which hasn’t been seen since early July. With ample tonnage in the ballaster line-up, and …
Dry Bulk Market: Capesizes on the Downside Once More Read More »
A significant recent judgment by the Genoa Court of Appeal examined the extent and nature of the informative duties imposed on shipbrokers under Italian law. Facts The case concerned the potential liability of a shipbroker in the conclusion of a charte…
Decision on shipbrokers’ informative obligations Read More »
The transitional period regarding shipping fuels, with the pending introduction of low-sulphur fuels, come 2020, has started to cause some “headaches” for ship owners. According to Intermodal’s latest weekly report, “with less than two months before th…
Ship Owners in Fuel “Limbo” Until 2020 Comes Read More »
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor. The uncertainty of the upcoming IMO 202…
IMO 2020: Market Uncertainty Brings More Fuel Oil Price Volatility Read More »