Choppy waters: Rebalancing of crude tanker market looks difficult as demolitions decline. The ongoing lull in scrapping activity is a worrying sign for the crude tanker market which is struggling with overcapacity. Moreover, a sharp decline in vessel e…
Rough Seas Ahead For Crude Tanker Market As Demolitions Drop Read More »
Crude oil is a complex mixture of substances at varying ratios and in most cases contains at least some salt water. Even after desalination some of this brine remains dissolved in the crude and gradually sinks to the bottom of the cargo oil tank during…
Corrosion-resistant steels for cargo oil tanks Read More »
The dry bulk market could be heading towards a renewed wave of demand for raw materials, as the global economy is expected to grow once more after the pandemic. In its latest weekly report, shipbroker Intermodal said that “as we all know, China forges …
Dry Bulk Market Expected to Rebound During 2021 Read More »
In Echo Star ex Gas Infinity [2020] SGHC 200, the action in rem was brought pursuant to the plaintiff’s maritime lien for damage done by another ship following a collision in the Strait of Hormuz. A maritime lien survives a change in ownership of the v…
Will the real owner please stand up? Read More »
The fourth edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships is now available and lays the foundation for further improvements and refinement of companies’ cyber security risk assessments. The version …
Industry publishes new and improved cyber security guidelines Read More »