LPG shipping rates have seen what can only be called a dramatic start to the year. The steep gains, followed by the freefall have dwarfed the volatility seen in 2020. As we move deeper into 1Q21, and China comes back into the picture after a long holid…
LPG shipping rates: the rise… and the fall Read More »
Capesize As one of the more wild weeks in the first quarter for the Capesize comes to an end, the market feels more like it’s in reprieve mood contemplating what comes next. From last Friday at $10,304, the Capesize 5TC reached a high on Wednesday of $…
Dry Bulk Market: Capesizes Move Forward as Strong Demand Emerges Read More »
The Pacific Basin proved to be the major driving force behind Qatar’s LNG exports. In its latest weekly report, shipbroker Banchero Costa said that “in the 12 months of 2020, global seaborne LNG trade increased marginally by +1.2% year-on-year to 362 m…
Qatar’s LNG Exports Remain a Major Play in the Market Read More »
In a bid to encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has published a new clause for voyage charter parties to promote more efficient shipping procedures and as a result, help reduce CO2 emissions. The …
New BIMCO clause encourages bulk sector to embrace just in time arrival concept Read More »
The London Maritime Arbitrators Association has warned brokers of the pitfalls of using hybrid arbitration clauses and listed the three key ingredients that must be included in any arbitration clause. Speaking as part of the joint Baltic Exchange and I…
Care needed with arbitration clauses Read More »