Demand for Clean Tankers has shifted up another gear, as the Ukraine crisis intensifies. As Russian troops amassed at the border with Eastern Ukraine last month and hostilities commenced on February 26th, the MR Atlantic Basket (an average of freight r…
Diesel Vacuum in Crisis: Struck Europe Sucks In MRs Read More »
Many Gard Members employ Ukrainian and Russian seafarers. We outline some of the Frequently Asked Questions related to employment terms and also the impact of the war on P&I cover for crew claims. While each question will depend on the specific fac…
War in Ukraine – impact on crew contracts, claims and repatriation Read More »
The ship recycling market has livened up over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “whilst levels in Bangladesh and Pakistan remain firm, but steady to an extent, prices from India h…
Ship Recycling Market Looks Alive Read More »
Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any …
War in Ukraine will hurt growth in all shipping segments Read More »
The first TPM since 2019 is well underway in Long Beach, US, and though the location and many of the faces may be the same, the negotiated rates and the conversations around them are most definitely not. As the theme of this year’s TPM: ‘Relationships …
Massive spreads on long term contract rates from the Far East to the US Read More »