News

BIMCO has just issued a new Carbon Intensity Indicator (CII) clause for voyage charterparties. Here are the main issues owners and charterers should be aware of.

The growth in the level of activity in Ukraine’s unilateral ‘humanitarian” coastal Black Sea corridor from Odesa and other ports down to Istanbul, which began operating in September, has seen Russia step up its threats to the safety of the…

The increasing concern in recent years that some ports are not “playing the game” when it comes to permitting ships in difficulty to enter their harbours will not have been helped by a report yesterday that general cargo ship Biscay…

The Amazon region is currently suffering from one of the worst droughts in years. Smoke from fires around the city Manaus is further hampering navigability in the rivers. Members and clients operating in the region should contact local correspondents for the latest information.

India looks set this  month to buy its largest amount of dirty fuels from Russia for many years. A steep decline in flows of crude oil, added to the prospect of refinery maintenance in the near future, were threatening supplies…

In what looks to be more a case of wishful thinking than any reflection of reality, the Ukrainian Navy has announced the opening of a “temporary corridor” for ships to transfer goods from Ukrainian ports. In a post on its…

The price of Russian crude has gone past the west’s price cap of $60 a barrel, set by the Group of Seven nations, and Russian revenue from oil exports has risen to an eight-month high, according to the International Energy…

For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by South Korea’s SK Shipping which has offloaded the 19-year-old, 314,000 dwt, Samsung-built C.Champion for $37.8m. The ship has been under…