In 2020, exporters and importers using ocean transportation fought a seemingly constant battle to secure the freight capacity they needed, only to get burnt when they did on the cost side. As we write this opinion piece, several carriers have stopped t…
October has been the best performing month of 2020 in terms of US exports of the goods outlined in the ‘Phase One’ trade agreement between the US and China. Export values of these goods totalled USD 10.3 billion, breaking the previous high of USD 7.8b …
‘Phase One’ agreement boosts exports and doubles volumes from last year Read More »
The tanker market could be plagued with low demand for a number of years to come, as a result of the intensifying decarbonization plans in various segments, from cars, to planes, even ships themselves. In its latest weekly report, shipbroker Allied Shi…
Tanker Market Expected to Face Headwinds as the World Moves Towards Decarbonization Read More »
As the third reporting year of the EU Regulation on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport (EU MRV Regulation) and the second year of the similar IMO Data Collection System (DCS) on fuel consumpti…
Digital MRV and DCS reporting streamlines the verification process Read More »
A first draft of the BIMCO Force Majeure Clause will be presented for review at the BIMCO Documentary Committee meeting 25-26 January 2021. BIMCO’s new Force Majeure Clause is advancing and will provide a high threshold for invoking it in order to avoi…
New BIMCO Force Majeure Clause Ready For Review Read More »