The Freightos Baltic Global index, driven by easing prices on the transpacific, fell 14% month over month to $9,364/FEU, though still 284% higher than a year ago and more than 6X the pre-pandemic norm. The decrease marks the end of peak season on Asia-…
FBX Index November: Market Summary Read More »
New regulation from the International Maritime Organization (IMO), which will require existing ships to reduce carbon emissions, is due to enter into force in just under one year. As compliance will benefit to a large extent from co-operation between s…
BIMCO Publishes Eexi Transition Clause Ahead Of IMO Efficiency Regulation Read More »
The ship recycling market could be headed for a turn of fortune, with prices offered edging downwards, as recyclers are growing wary of the existing market conditions. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “some cauti…
Demolition Market Could Come Under Stress Moving Forward Read More »
Investors have ordered a larger tonnage of new vessels at shipbuilding yards this year. But the newbuilding revival has not been evenly spread among ship types. Amid the imponderables of regulation and technology, what is shaping the trends and outlook…
An uneven revival in newbuilding orders Read More »
A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the u…
Interpreting see-to-it and on-demand guarantees Read More »