While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America. While the Capesize …
Capesize Remains Submerged In The Depths Of Despair Read More »
Havoc is what best describes the effect of the Coronavirus to the world’s trade, economy and of course the shipping industry. It seems that every single estimate and projection regarding the course of global trade, demand for raw materials and su…
Shipping “Sweats” as Coronavirus “Fever” Spreads Globally Read More »
Ship managers should ensure they are named as joint-assureds on their owners’ hull and P&I policies. This is because (apart from in a handful of jurisdictions), the ship manager is always considered to be the operator of the vessel under the ISM co…
The importance of being joint assured Read More »
In a significant decision published yesterday, the English Court of Appeal has upheld the decision of the lower court that an inadequate passage plan that caused a vessel’s grounding rendered the vessel unseaworthy. The decision in The CMA CGM Libra[1]…
Watson, Farley & Williams: Plan your passage carefully Read More »
Being willing and able to switch between petroleum and edible oil trades will become an ever more prudent business strategy among tanker owners said Gibson in its latest weekly report, pointing out that a flexible strategy could go a long way, towards …
Tankers: Edible Oil Trades Even More Important in Today’s Market Read More »