The determined development that saw no US seaborne exports of crude oil to China in August, has continued into September. This is despite crude oil not being a part of the ‘official trade war’. “The trade war between the US and China is now impacting t…
No US Crude oil exports to China for second month in a row Read More »
Aegean Marine Petroleum Network Inc. announced that the Company and certain of its subsidiaries (the “debtors”) filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New Yor…
The VLCC tanker market has had a good run of late, but could be headed for a correction in the coming days. In its latest weekly report, Affinity Research said that “the rally of the VLCCs continued throughout this week as well, where TD3C and TD15 rea…
VLCC Tanker Market Could be Headed for a Slowdown Read More »
Tanker owners have experienced similar problems to the container liners with this year’s jump in bunker costs. The owners have struggled for much of 2018 as rising bunker fuel prices squeeze daily earnings, with shipowners often barely covering operati…
Shipowners Marooned By Rising Bunker Prices Read More »
This case was dealt with on an expedited basis because its resolution depended upon the effect of the US sanctions re-imposed on 4 November 2018, which the parties agreed would certainly prevent payment of the Claimant’s claim. Speed-read The cas…
Guidance on drafting and interpreting contractual sanctions clauses Read More »