In an interesting decision concerning the implication of terms into guarantees, which may raise alarm bells for some parties in the maritime sector, the English Commercial Court has considered the circumstances in which a party may be able to obtain se…
Implying limits in a guarantee Read More »
Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to…
Dry Bulk Market Still Fragile Despite Recent Rally Read More »
Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%, to 20…
BIMCO: Longer sailing distances cushion fall in US crude oil exports Read More »
Brent crude oil prices are now back to the low $60s and where they were at the end of 2019, before the pandemic hit. Although VLSFO price quotes are not quite back to earlier levels, part of this will be because of the market assessments and initial in…
Bunker fuel availability is good in most major North American ports, while supply has tightened in certain ports further south such as Rio de Janeiro and Guayaquil. Fuel oil inventories are growing on the US Gulf Coast as refiners have boosted producti…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »