The first four months of 2018 have put a huge dent in the long-term recovery of the dry bulk market. In a recent analysics, shipbroker Banchero Costa said that “2018 was a reasonably positive year for the dry bulk sector, with the Baltic Capesize, Pana…
Dry Bulk Market: 2019 Freight Rates Losses of Up to 35.7% Cloud Market’s Recovery Read More »
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 »