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 »
Commodity shortages in various parts of the world could have a role to play in the dry bulk market moving forward. In its latest weekly report, shipbroker Intermodal said that “essentially, anyone involved in the shipping and commodity markets still st…
Dry Bulk Trade: Scarcity of Commodities Could Impact Tonnage Demand Read More »