Coal Export Ban In The Light Of Force Majeure & Off-Hire Clauses

Indonesia, the world's biggest exporter of thermal coal implemented a month-long coal export ban. In voyage charters, a possible argument that charterers might raise to interrupt laytime and mitigate their liability for demurrage...

States Abandon COVID Laws Leaving White House In Dust

All of the governors dropping restrictions this week - with the exception of the one in Massachusetts - are Democrats like US President Joe Biden. On Wednesday, the governors of New York and...

Asia’s Oil Demand To Grow 1.5 Million b/d In 2022

Platts Analytics expects Asia's oil demand to grow 1.5 million b/d in 2022 Asia pump prices rising fast, oil import bills add to region's headaches Governments ponder cleaner energy alternatives after oil's surprise...

Why Supramax Demand Is Strong On This Coal Route?

Shippers unwilling to increase cargo volumes Infrastructure constraints at both load, discharge ports favor geared vessels But correction expected once January backlog is cleared A recent news article published in the Platts states that...

IMO Convention To Enlarge IMO Council To 52 From 40 Member States

Member States of the International Maritime Organization (IMO) are being urged to accept amendments to the IMO Convention as soon as possible. The purpose is to expand the size of the IMO Council...

Crew Change Delayed In China, Crew Tested Positive

A recent news article published in the Manifold Times states that crew change for 291 ships delayed over CNY due to positive Covid-19 tests. China’s Ministry of Transport China’s Ministry of Transport, General Administration of Customs,...

Platts Launches Charter Index for LNG-fuelled Newcastlemaxes

S&P Global Platts is set to roll out time charter equivalent (TCE) assessments for 209,000 dwt newcastlemax bulkers using LNG as bunker fuel on six key routes and a ton-mile weighted average index named...

GCMD & Global Maritime Forum Sign Decarbonisation Partnership

The Singapore-based Global Centre for Maritime Decarbonisation (GCMD) has signed a knowledge partnership agreement with the Global Maritime Forum to support and accelerate the transition of the maritime industry to a low-carbon future, reports...

GMS Linked To Handy Bulker Sale

Broker sources link GMS, best known as a cash buyer for demo ships, to a handy sold at a US auction, reports Splash247. $16.4m deal Details are emerging from the sale of a bulker arrested in...

Oil Product Stocks Extend Gains As Middle Distillates Surge 36%

Total stockpiles stood at 19.933 million barrels as of Feb. 7, up 1.7% from a week earlier. Gasoil exports averaged 18,800 b/d, the lowest since May 2020.  Stocks of heavy distillates and residues...