On February 22, 2024, the United States Coast Guard (USCG) published a Notice of Proposed Rulemaking (NPRM) in the Federal Register, updating maritime security regulations and introducing new regulations establishing minimum cybersecurity requirements …
Managing Maritime Cyber Risk – Rising To USCG’s New Maritime Security Directive Read More »
On November 13, 2024, the Supreme Court of the UK delivered its judgment in The Giant Ace, FIMBank PLC v. KCH Shipping, [2024] UKSC 38: the one-year time bar for claims under the Hague Rules or Hague–Visby Rules (the Rules) applies to claims for misdel…
Time bar judgement sets record straight Read More »
The latest COP29 proves that there are large forces at play, when it comes to the economy’s decarbonization. In its latest weekly report, shipbroker Xclusiv said that “COP29, which began on 11th November 2024 and will continue until 22nd November 2024 …
Decarbonization on the Forefront Read More »
“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October …
BDI still down 10% despite recovery in capesize demand Read More »
Every year, shipping is faced with new requirements to protect the climate and the environment, and 2025 is no exception. Increased EU requirements for documentation on methane and other emissions from ships will come into force on 1 January, and right…
Major new challenges for shipping in 2025 make data more important than ever Read More »