A strong comeback in US retail sales has replaced the 14.7% drop seen in April. In fact, US retail sales have been up since June compared with the same months last year, and only three months this year have seen lower retail sales than the correspondin…
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset’s transient operations. The applicable rules and mercantile usages – reflective of this reality themselves – must therefore be a…
Shipping loans and collateral damage Read More »
Ships’ recycling has taken a turn in favor of ship owners, as scarce tonnage has forced yards to compete for tonnage, leading to higher prices. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “a new week but unfortunately this …
Ship Demolition Activity Finding It Hard To Recover Read More »
Officer availability varies significantly by nationality and rank, with important implications for recruitment, retention and wage rates, particularly in light of tightening labour market conditions. Earlier in the year Drewry projected that the curren…
Diminishing seafaring appeal to tighten officer availability Read More »
After a banner year for the Republic of the Marshall Islands (RMI) fleet in 2019, with its best ever ranking from port State control (PSC) authorities globally, the RMI Maritime Administrator (the “Administrator”) remained focused on enhancing resource…
The Marshall Islands Registry Focuses on Enhancing Resources Read More »