When the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new surge in container spot freight rates, which had finally started to settle from the all-time highs reached during the COVID-19 pandemic. Shipp…
Shipping during COVID-19: Why container freight rates have surged Read More »
Experts at this week’s Baltic Freight and Commodity Dry Bulk Forum, part of Singapore Maritime Week, downplayed talk of a commodity super cycle, which has been raising pulses in the sector. But while they stopped short of acknowledging the super cycle,…
Talk of super cycle dismissed Read More »
LNG has long been touted as a major factor towards shipping’s switch to cleaner fuels. However, is this really the case today? In its latest weekly report, shipbroker Intermodal said that “after the World Bank recently rejected liquefied natural gas, L…
Is LNG’s Role in Shipping’s Decarbonization Limited? Read More »
Bunker fuel oils are tight in several bunker locations across parts of the US Gulf Coast, Panama and South America this week. Availability of bunker fuels is good in Houston, but tight in several other US Gulf Coast bunker locations. A drydocked barge …
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The US Court of Appeals for the 11th Circuit (one of several US regional federal courts of appeal) in a recent decision involving a commission claim made pursuant to a mega-yacht sales contract has reinforced the enforceability of broad arbitration cla…
Broad foreign arbitration clauses are enforceable in the US Read More »