A remarkable maritime event occurred recently. China became the world’s second-largest shipowning country, overtaking Japan. The top shipowner, Greece, is still much larger but the gap is closing as China’s fleet expansion continues at a rapid rate. Nu…
China-owned fleet becomes world’s second largest Read More »
Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely to dwarf it all, as the US has proposed slamming tariffs on goods worth USD 200 billion. The tariffed go…
Shipping Is Increasingly Caught In The Trade War Line Of Crossfire Read More »
Newbuilding ordering activity is gaining pace over the course of the past few days, as ship owners are looking to push forward with their fleet modernization and expansion plans. In its latest weekly report, shipbroker Allied Shipbroking said that “wit…
Newbuilding Orders Gather Momentum After Summer Lull Read More »
The world of bunkers is heading for rapid and fundamental changes and not just because of the 0.50% sulphur cap in 2020. While IMO and stakeholders are working hard to deal with this unprecedented global fuel specification change, discussions have move…
Marine Bunkers: The end of the world as we know it Read More »
Introduction A recent English Court of Appeal decision provides important guidance on the applicability of charterparty time bar provisions to letters of indemnity (LOIs). Given the frequent use of LOIs in the shipping industry, this legal decision wil…