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 »
We are now in December and the tanker market remains surprisingly weak. At the time of writing, rates in the MR segment are around USD 8,000 per day – double the level earlier this autumn, certainly, but still some way below what an MR vessel req…
Concordia Maritime : The market – why not yet and why now… Read More »
Amid the wall of COP26 noise, at times it has been difficult to separate out the firm commitments and achievements of the last two weeks. But there is no doubt progress has been made in global maritime activity. Twenty-two countries, including the UK, …
Shipping Gets Ready for Green Corridors Read More »