The shipping industry experienced major disruptions in Q1 of 2020 due to both the Coronavirus and the crude oil price crash. As major parts of the global economy shut down, so have pockets of international trade – yet, not all vessel types have experie…
The impact of coronavirus on vessel traffic and the shipping industry Read More »
UNCTAD issues an action plan to tear down barriers to trade and transport and ensure the free flow of goods, food and essential supplies. As countries adopt radical measures to bring the coronavirus pandemic under control, international trade and trans…
With shipping having to cope with extraordinary circumstances and challenges, due to the COVID-19, demolition of older ships have taken a back seat of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “to avoid confusion – …
Demolition Market Still Under Lockdown Read More »
The short answer is yes, but not always. Continuous price monitoring is key to identifying price dislocations between different ports. Overview The world is currently going through a very turbulent time with oil prices recently falling to the multi-dec…
Can bunkering outside hubs yield better pricing? Read More »
The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in…
BIMCO Floating Storage Clause For Tankers: What To Cover Read More »