The chartering of ships, like any other business, comes with risks that the business counterparts do not honour their obligations to pay. Some owners (including head owners and disponent owners) believe that their position should be relatively secure g…
Owners’ remedies – contractual rights vs reality Read More »
ASBATANKVOY, one of the most widely used tanker charter parties in the world, will form the basis when BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) begin to jointly develop a charter party specifically for use in the gas…
BIMCO And ASBA Join Forces To Develop Gas Tanker Voyage Charter Party Read More »
The expectancy of a tanker market upswing, as a result of increased demand for low-sulphur fuels ahead of the IMO 2020 rule, while reasonable enough, isn’t going to be as simple as one might expect. In its latest weekly market report, shipbroker Gibson…
IMO 2020: Tanker Market Upswing Not So Straightforward Read More »
Greece has been buying most of their second hand purchases from Germany during 2019. So far this year, Germany has sold 17 second hand vessels to Greek owners, tying first place with Japanese sellers who have also handed over 17 vessels during the last…
Greeks make plays for German second hand vessels in 2019 Read More »
Capesize The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on Monday, the market carried on to register solid activity through to Thursday across most major routes. Friday …
Dry Bulk Market: Capesize Market in Full Swing Read More »