Tanker rates have taken a turn for the worse, as a result of dwindling demand and fewer cargoes available, as a result of increased tonnage supply, following the lifting of the US sanctions on Cosco’s tankers. In its latest weekly report, shipbroker In…
Tanker Market Feeling the Impact from the Coronavirus Effect Read More »
Brazilian iron ore exports had a slow start in January with exports totalling 26.7 million (m) tonnes, a 19% decline year-on-year. Two thirds of total exports, 18m tonnes, went to China. The coronavirus has had parts of China quarantined throughout muc…
Brazilian iron ore exports drop 19% – a slow start to the year Read More »
A decision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counterpart owners if cargo shippers present bills of lading that record the cargo as being loaded clean on board, even if the shippers …
Importance of Master’s cargo checks Read More »
The ship repair segment has been one of the hardest hit from the widespread effects of the Coronavirus, not only due to the restriction of operations of major yards, but also due to the fact that business was sky-high as well. In its latest weekly repo…
Ship Repair Sector in Coronavirus Shock Read More »
The short term impact of the coronavirus health crisis is a sharp hit to global container volumes and carrier earnings, but Drewry expects that the medium-term impact will be manageable provided the virus spread is contained. Container shipping lines h…
What does coronavirus mean for container shipping? Read More »