The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with the official death toll rising to 213 people on 31 January 2020. Approximately 50 million people is on l…
The International Monetary Fund’s release of full-year economic data for 2019 makes uncomfortable reading. Its latest World Economic Output (WEO) estimates put world gross domestic product growth at 2.9% last year – the weakest performance since the co…
Slow climb out of the trough Read More »
The dry bulk market is looking set for a rough ride during 2020, with spikes in rates being the exception, instead of the norm. In its latest weekly report, shipbroker Allied Shipbroking noted that “sometimes numbers can better reflect the state of the…
Dry Bulk Market: A Mediocre 2020 Could be Shaping Up Read More »
PwC’s insights, trends and current challenges for the shipping industry were presented during “PwC’s Shipping Industry Update for Finance Professionals” event organized by PwC Greece. The event took place in Athens, in January 2020, and was attended by…
BIMCO is developing its own standard Memorandum of Agreement (MOA) for ship sale and purchase (S&P). The new BIMCO MOA is rapidly taking shape after just three meetings of the expert group, the most recent at the offices of Louis Dreyfus in Paris o…
Industry Experts Draft New BIMCO S&P Agreement Read More »