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 »
The Iranian oil market factor is back in play in the crude tanker segment. In its latest weekly report, shipbroker Gibson said that “sanctions are back. From Monday any company trading Iranian crude faces being cut out of the US financial system. The T…
Another Period of Sanctions in Iran: Will The Tanker Market Benefit? Read More »
Earlier this year, the Moore Stephens international member firm in Greece published ‘Owners’ Dilemma’, a thought leadership article looking at the financial considerations arising from the decision about whether to fit scrubbers to comply with the IMO …
Moore Stephens: Weighing the accounting implications of IMO 2020 Read More »