China will ban imports of waste foreign vessels to protect the environment, China Daily reported on Dec 24. The country’s ship-breaking yards, which have been tearing apart the world’s retired vessels from both civil and military sectors, a…
China to ban imports of waste foreign vessels for ship recycling Read More »
From the latest installment of the sanctions against Iran, to a number of highs and lows in the freight rate market, tanker owners had to endure a rough ride in 2018. In its latest weekly report, shipbroker Gibson analysed this year’s market trends. It…
Tanker Market in 2018 Was the Year of Extremes Read More »
Capesize Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route collapsed with business concluded at under $6.00 having touched $9.00 just a week before. Some owners were …
Dry Bulk Market: Capesize Market on Backfoot as 2018’s End Draws Near Read More »
BIMCO has last week released its two eagerly awaited standard clauses (the ‘2020 Marine Fuel Sulphur Content Clause for Time Charter Parties’ and the ‘2020 Fuel Transition Clause for Time Charter Parties’). Both are intended to address the Internationa…
2020 Fuel Transition Clause for Time Charter Parties Read More »
In its latest weekly report, shipbroker Banchero Costa said that “Russian wheat exports have benefited this year from a record crop output, and relatively cheap supplies have helped them to snag a larger share of the global market. The USDA estimates R…
The Russian Wheat Export Trade and Dry Bulk Market Read More »