Back in 2016, Drewry Maritime Financial Research (DMFR) launched a model portfolio – selecting stocks within the global maritime space to ensure a balanced approach to managing risk in a low return environment. Recommended stocks are hand-picked …
Container Market Boom to Continue In the Near Term Read More »
Nomination of a ‘special interest in delivery’ for a carriage under the CMR Convention remains insufficient on its own; it is necessary for the value to be declared in the consignment note – a German interpretation. Where goods are carried under CMR an…
Legal eagle: effective value declaration under CMR Read More »
With prices in the ship recycling market staying near record levels of well above $600/LT LDT, some owners, especially from the tanker segment were tempted to cash in. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “prices soa…
Demolition Market Finding Some Footing as Wet Tonnage is Sold Read More »
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year l…
Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt Read More »
Overview At its meeting held from 26 to 30 July 2021, the Legal Committee (LEG) of the International Maritime Organization (IMO) agreed on a unified interpretation of the test for breaking a shipowner’s right to limit liability under certain IMO conven…
IMO Legal Committee Agrees Unified Interpretation On Limitation Of Liability Read More »