Bunker fuels continue to be widely available for prompt deliveries in ARA. Bunker congestion has eased in Gibraltar Strait ports as the weather has improved and the forecast looks calmer for the next week. Stronger demand and refinery margins for oil p…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
The ship recycling market is predicted to accelerate in terms of activity during the coming weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there is hope that a more bullish market may come into play following rumours t…
Ship Recycling Market Expected to Firm Up Read More »
The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure. The star…
Who is responsible for the cargo when force majeure is declared? Read More »
Bunker fuels are more readily available in Singapore, Zhoushan and Busan this week. Lead times for stems in Singapore have come down, as the pressure bunker delivery schedules has eased after the Lunar New Year holiday. Singapore’s bunker demand has fu…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
A lack of correction in terms of the dry bulk market during most of January, has led to asset prices retaining their high values. Contrary to past years, when January usually was a “lackluster” month freight-rate wise, this time around was different. A…
Dry Bulk Tonnage Pricing: Finding Value in the Market Read More »