The English Court of Appeal has addressed the appropriate interpretation of clause 29 of the BIMCO Barecon 2001 standard form of bareboat charter – the clause which concerns the repossession of a vessel following early termination. The Court of Appeal …
“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high of 14.1%. The order book may kickstart the renewal of a fleet that has g…
Crude tanker fleet renewal to accelerate as order book/fleet ratio hits 9-year high Read More »
This was a dispute relating to mergers and acquisitions (M&A) advisory work carried out in respect of the merger of two crude oil tanker operators. The Court dismissed the advisory company’s claim in restitution for more than US$11.5 million for se…
Shipping Joint Ventures Read More »
Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodolog…
A doubling of cargo capacity in the past nine years has been achieved by the China-owned fleet of merchant ships – bulk carriers, tankers, container ships, gas carriers and other ship types. Newbuildings on order now comprise almost a fifth of the flee…
China-owned fleet’s powerful expansion Read More »