P&I insurers normally provide cover in respect of general average (GA) contributions which are not recoverable from cargo or other interests and resulting from the shipowner’s breach of the contract of carriage. The Standard Club provides such cove…
Unrecoverable General Average contributions from cargo interests Read More »
Product tanker owners could potentially see rates improving during the second half of 2019, as a number of new refineries will hit the market. In its latest weekly report, shipbroker Gibson said that “according to a recent IEA report, 2019 is expected …
In 2018 the ClarkSea Index had a very strong Q4, with the average in the final quarter well above that registered across the first three. It’s well known that shipping markets can be seasonal, and studying our ClarkSea Index illustrates that fairly wel…
Clarksons: Shining Some Light On The Seasonal Sequence Read More »
Capesize A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying threats of a cyclone in West Australia saw the miners on the side lines. The West Australia/China route fell to …
Dry Bulk: Capesize Index Slips Across the Board Read More »
With the global economy and shipping all the more linked with each other, it’s crucial to get a grip on where global trade is heading in 2019. In its latest weekly report, shipbroker Allied Shipbroking said that “the year has not exactly started off on…
The World Economy and Shipping: What Will 2019 Bring? Read More »