The world fleet of LNG carriers is expanding fast. A record 85 newbuilding contracts agreed at substantially higher prices in 2021 will boost today’s 610 deep sea trade LNG ships and we expect another year of record contracting in 2022. Ten more LNG ca…
LNG fleet seriously exposed to CII impact Read More »
Rates from North Europe to the US East Coast have increased dramatically over the past year, similar to any other main trade lane. With disruptions hitting container shipping globally, the non-major trade lanes have also experienced reverse cascading &…
The ship recycling market has increased its pace over the past week, with prices rising across the board. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “market levels continue to firm without any significant sales to report i…
Ship Recycling Market Picks Up Speed Read More »
The Panama Canal contributed to the reduction of 16 million tons of carbon dioxide (CO2) equivalent emissions in 2021, in comparison to the most likely alternative routes. These savings, three million more than achieved in 2020, are equivalent to the a…
The Singapore Chamber of Maritime Arbitration (SCMA) provides a framework for maritime and international trade arbitrations. SCMA arbitration based in Singapore is the default choice for dispute resolution under the Singapore Standard Code of Practice …
New SCMA Rules: Reflecting the New World of Arbitration Read More »