LNG Shipping Market Recovering

LNG The LNG market showed some signs of recovery this week, with increased fixing activity absorbing some of the available tonnage across both basins. Despite this, competition for cargoes remains high and charterers continue to hold negotiating leverage, limiting the extent of upward movement in spot rates. On the BLNG1 Australia–Japan route, rates increased by …

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USTR proposes extending port fee suspension on China-linked ships to January

The US Trade Representative proposed extending the suspension of port fees on Chinese-linked ships for an additional two months, delaying higher shipping costs for US metals and coal exporters, according to a Federal Register public inspection document posted late last week. USTR had suspended a fee targeting China’s maritime, logistics and shipping sectors for one …

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From Dark Voyages to Defensible Claims: How Marine Insurers Are Closing the Evidence Gap

Claims teams in marine insurance own two things: the loss investigation and the pay-or-reject decision. In the pre-2022 environment, both were largely a matter of establishing what happened, verifying that the loss fell within the policy’s coverage, and processing accordingly. AIS records, cargo documentation, and standard loss adjustment supported the investigation without requiring extensive forensic …

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Bahri and IMI Sign SAR 1.692 Billion Contract for Three Newbuild VLCCs

Bahri, a global leader in transportation and logistics, and International Maritime Industries (IMI), the largest integrated maritime facility in the MENA region, have signed a contract for the construction of three Very Large Crude Carriers (VLCCs) at IMI’s facility in Saudi Arabia, in conjunction with the Saudi Maritime & Logistics Congress. Under the agreement, valued …

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