The Capesize market rates for the Brazil to North China route have softened, yet rising iron ore exports from Brazil, particularly after a strong third quarter, and increasing port congestion suggest potential upward pressure on rates. September saw a …
Dry Bulk Iron Ore Flows, Brazil Port Congestion, Market Rates Read More »
Demand for second hand ships, most notably bulkers, continued throughout the past week. In its latest weekly report, shipbroker Banchero Costa said that “during the week the Nord Virgo 82,000 dwt built 2014 JMU (SS due 2029 ME Scrubber fitted) was sold…
Strong Momentum in the S&P Market Continues Read More »
Digitalisation is sweeping all aspects of the maritime sector. From investment decisions to day-to-day operations, high-quality and reliable data is becoming a hallmark for shipping players as they look to become more efficient. New platforms that take…
Shipping invoicing is set for digital makeover Read More »
The widely used memorandum of agreement (MOA) for the sale of ships on BIMCO’s Norwegian Saleform (2012 version) (NSF 2012) provides that the buyer may cancel the MOA and recover its deposit if the seller fails to tender notice of readiness (NOR) or to…
Better late than never Read More »
The ever ending tensions and crisis escalation in the Middle East, has the potential to create a new market structure for tankers, depending on the outcome. In its latest weekly report, shipbroker Intermodal said that “tensions between Israel and Iran …
Tanker Market and the Middle East: Upside Risk Could Come into Play Read More »