The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel and gasoline. In its latest weekly report, shipbroker Gibson said that “after a rather disappointing period for most of…
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the Pacific, the rates for the west Australia to Qingdao trade were defined by pre or post-Christmas loading, with more prompt-dated vessels get…
Dry Bulk Market: Capesizes Rise Again Read More »
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions by 2050. More crucially, support appears to be building for the International Maritime Organization (IMO) to also adopt an…
UN shipping agency inches towards 2030 emission reduction goal Read More »
Despite the fact that crude oil sea loadings from Iraq are mainly headed towards China and India, the EU has also emerged as a leading destination during the first 11 months of 2022. In its latest weekly report, shipbroker Banchero Costa said that “202…
Iraqi Crude Oil Exports to the EU Skyrocketed This Year Read More »
In Grand Famous Shipping Limited, et al. v China Navigation Co., the United States Court of Appeals for the Fifth Circuit reviewed the traditional duties owed by a time charter to third parties in tort. although asked by the plaintiffs to broaden these…
Duties arguments “unmoored from reality” Read More »