This enclosed publication reports on incidents for the period 1999 – 2019 that have given rise to P&I liabilities in excess of US$100,000 occurring when vessels are under pilotage. The report has been prepared by the International Group (IG), in re…
Trade volumes for iron ore and other dry bulk commodities have shown considerable promise of late, offsetting the coal “issue” between China and Australia. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a week of furt…
Major Commodities’ Trade Could Bode Well for Shipping During 2021 Read More »
The Capesize market in Q4 thus far was defined by a steady decline in BDI with a recent small uptick during December. After its 5TC average peaked in the first days of October to US$33.500/d, it is now hovering in the very low US$15,000’s/d region. Sub…
Capesize secondhand sales bonanza in Q4 Read More »
The plaintiff, a fixed-cost freight forwarder, asserted against its principal (the defendant) a freight claim of €190,000 under a multimodal transport contract (road, inland waterway and sea vessel) from Germany to Sweden. The freight contract was only…
Freight claim in case of premature termination of freight contract Read More »
The tanker market is bound to need more time to recover after a year which was far from normal. In its latest weekly report, shipbroker Gibson said that “the best science fiction script writers from Hollywood could not have come up with the twists and …
Tanker Market Expected to Take Time to Recover Read More »