In the last week of November, the crude oil freight market showed continued weakness in sentiment, although earlier expectations pointed to a recovery in the very large crude carrier (VLCC) segment. At present, the market appears to be struggling to fi…
The Court has recently decided “an old chestnut”, namely which version of the York-Antwerp Rules (YAR) applies pursuant to clause (3) of the standard Congenbill 1994 form. This has been debated for years. The Court held that the general average (GA) ad…
Tightening York-Antwerp Rules application Read More »
The panamax market has been on a rally over the past few days. In its latest weekly report, shipbroker Xclusiv said that “on Friday 17th November 2023, BPI hit 1,874 points and the weighted average of the 5 T/C routes reached USD 16,868. The Panamax in…
Panamaxes Ride Wave to 11-month High Read More »
When managing freight, diversity is a characteristic that businesses should look to instil in their supply chains. Freight diversification is a strategy that shippers use that involves multiple modes of transportation, carriers and routes to get their …
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected e…
Coal shipments to advanced economies down 17% so far in 2023 Read More »