Ship managers should ensure they are named as joint-assureds on their owners’ hull and P&I policies. This is because (apart from in a handful of jurisdictions), the ship manager is always considered to be the operator of the vessel under the ISM co…
The importance of being joint assured Read More »
In a significant decision published yesterday, the English Court of Appeal has upheld the decision of the lower court that an inadequate passage plan that caused a vessel’s grounding rendered the vessel unseaworthy. The decision in The CMA CGM Libra[1]…
Watson, Farley & Williams: Plan your passage carefully Read More »
Being willing and able to switch between petroleum and edible oil trades will become an ever more prudent business strategy among tanker owners said Gibson in its latest weekly report, pointing out that a flexible strategy could go a long way, towards …
Tankers: Edible Oil Trades Even More Important in Today’s Market Read More »
Capesize Little changed for the Capesize market over this past week as fixing levels continue to provide meagre earnings for owners across all routes. Vessel demand continues to be grim and this has led many to sit idle in strategic locations, awaiting…
Dry Bulk Market: Capesizes Still Suffer from Low Rate Environment Read More »
As the vast majority of the shipping community will already be aware, on 1 January 2020 the new sulphur content limits in Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) came into effect. These new limits re…
IMO 2020’s new sulphur emissions cap introduced Read More »