Baltic index snaps six-session losing streak as capesize rates gain

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a six-session losing streak on Tuesday, supported by gains in capesize rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 52 points to 1,581 points. The capesize index rose 166 points …

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Duty of care on carriers where discrepancy between declared and verified container weights

The system of verifying the weight of shipping containers that came into force in July 2016 has recently come under scrutiny in the English Commercial Court. The regulations made pursuant to the International Convention for the Safety of Life at Sea require carriers to ascertain the verified gross mass (“VGM”) of each container and this …

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