The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three months into this crisis, container leasing rates on the China-US trade route have surged dramatically, ri…
The ship recycling market is still lacking in activity, despite the fact that demand for ships is there. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the current position of the ship recycling …
Demand for Ship Scrapping Increases, But Supply is Lacking Read More »
Imagine a container vessel capable of more-than doubling the amount of work normally performed by a ship of its size, yet with zero emissions. Such a vessel would likely gain massive market share very quickly and have a drastic effect on market dynamic…
Shipping’s nuclear option in the move towards net zero: Is it viable? Read More »
It is not particularly common for a dispute arising out of the 2012 version of the Norwegian Saleform (NSF 2012) to reach the English Court. Therefore, the Court’s findings in King Crude Carriers SA & others -v- Ridgebury November LLC & others …
Caution on amendments to standard forms Read More »
The product tanker market has had the biggest shift since the start of the Red Sea crisis. In its latest weekly report, shipbroker Intermodal said that “Houthi attacks on Red Sea have significantly disrupted the global oil markets, elevating security c…
EU’s Rise in Product Oil Imports from the US is Shifting Tanker Market Trade Flows Read More »