The tanker market edged higher during the final month of the first quarter of 2021. According to the latest monthly report from OPEC, dirty tanker rates picked up in March, as gains in Suezmax and Aframax rates outpaced a further slight decline in VLCC…
Tankers Picked Up the Pace During March Read More »
Remote surveys directed by DNV experts ashore, with crews handling cameras on vessels, have become more common as Covid-19 lockdowns have prevented surveyors travelling to some locations. Covid aside, a remote survey avoids waiting time for a surveyor …
Seafarers zoom in on remote surveys of ships Read More »
In an interesting decision concerning the implication of terms into guarantees, which may raise alarm bells for some parties in the maritime sector, the English Commercial Court has considered the circumstances in which a party may be able to obtain se…
Implying limits in a guarantee Read More »
Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to…
Dry Bulk Market Still Fragile Despite Recent Rally Read More »
Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%, to 20…
BIMCO: Longer sailing distances cushion fall in US crude oil exports Read More »