BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the drafting committee. She highlights the changes and the reasons behind them. One of the critical questions in publishing a new contr…
The GENCON 2022 Charterparty Read More »
“While autonomous technology is available, the biggest challenge is building trust in automated systems that can function safely in many different maritime situations without human intervention,” explains DNV’s SAFEMATE Project Manager Grunde Løvoll. D…
SAFEMATE showing the way for autonomous shipping Read More »
The VLCC tanker market should retain its positive momentum as the year draws to a close and even more so in 2023. In its latest weekly report, shipbroker Gibson said that “VLCC earnings have been remarkably strong over the past few months despite the p…
Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism prevailed as the rates dropped down to close the week -895, settling at $12,807. Some chatter in the market expects an improvement in r…
Dry Bulk Market: Pessimism Still the Norm Read More »
Ocean carriers on the Asia to West Coast trade are fast approaching the point where they will lose money on every container they haul as plummeting spot rates sink near pre-pandemic levels and bump up against a new break-even level driven by falling vo…
Carriers pivot on the fly as Asia-US spot rates plummet Read More »