The South African iron ore trade has had a mixed year so far. During the nine-month period of 2022, the third largest iron ore exporter has increased its shipments to China, while those towards the EU have been lowered. In its latest weekly report, shi…
South Africa Iron Ore Exports to the EU Retreat, While China Imports More So Far in 2022 Read More »
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% since the start of Q4 to USD 22.23 mil. Of the sale and purchase transactions recorded last month, the average age was 19 years. Values for this sector moved…
Capesize values for older vessels rise in October Read More »
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] EWHC 2234 (Comm) gave rise to various issues under the letters of indemnity (LOIs) that had been given in order to secure delivery o…
Realities of LOI liabilities Read More »
The tanker market’s structural shift is still not complete. In its latest weekly report, shipbroker Allied said that “with the recently announced crude oil production output cuts from OPEC+ now ready to take effect, the markets seem set for a major bra…
Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards Read More »
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI enter into force on 1 November 2022. Developed under the framework of the Initial IMO Strategy on Reduction of GHG Emissions from Ships agreed in 20…
Rules on ship carbon intensity and rating system enter into force Read More »