The United Nations General Assembly adopted the UN Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The Convention looks to ensure certainty on an international scale regarding legal aspects of a ship’s judicial sa…
The tanker market and most notably the larger sizes could benefit from higher production figures, but at things stand no such development is close to fruition. In its latest weekly report, shipbroker Gibson said that “this week, the Joint Ministerial M…
Capesize As China returned from their Lunar New Year holidays there was hope in some quarters that the market would see a recovery from the steep declines of January. There was optimism that a floor had been found, as there were only marginal daily fal…
Dry Bulk Market: Capesize Market’s Weakness Still Evident Read More »
Maersk tells Drewry that its integrator strategy was incompatible with being part of an alliance. Compromise is an essential ingredient to any healthy relationship. But things change and individuals’ priorities shift over time. At the point when one, o…
The shift in seaborne crude oil volumes was rather obvious during 2022, with the surge of exports from Saudi Arabia quite notable. In its latest weekly report, shipbroker Banchero Costa said that “2022 has turned out to be a very positive year for crud…
Tankers: Saudi Arabia’s Seaborne Crude Oil Exports Up 17.2% in 2022 Read More »