Tracking VLCC freight momentum and the latest Russian flow shifts

This week’s analysis focuses on VLCC performance and the evolving Russian crude flows. Building on our October and November Special Editions, we have already outlined the main drivers behind the recent market surge. In the November edition, we emphasised how structural inefficiencies are increasingly shaping market behaviour, reflected in elevated tonne-days despite relatively softer tonne-mile …

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Devil in cancelling date detail

Does a seller’s failure to deliver a ship by the agreed Cancelling Date under a ship sale Memorandum of Agreement (MOA) on the Norwegian Saleform 2012 (NSF 2012) – resulting in the cancellation of the MOA – entitle the buyer to recover “loss of bargain” damages under Clause 14 of the NSF 2012 where said …

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Easing Red Sea crisis might squeeze LR rates amid ballooning fleet

The Houthis’ recent announcement to halt attacks on vessels transiting the Red Sea is a positive development for Suez Canal traffic. However, given their history of frequently shifting positions, the industry remains cautious about any near-term normalisation of flows through the Canal. Nonetheless, any reduction in the security risk premium and the corresponding restoration of …

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MAMII brings European maritime leaders together to accelerate methane measurement and abatement

Discussions addressed how industry and regulators can speed up credible measurement and abatement solutions across global fleets. The Methane Abatement in Maritime Innovation Initiative (MAMII) hosted its first event in Brussels last week, bringing shipowners, engine designers, technology providers and EU policymakers together to accelerate efforts to reduce methane emissions from shipping. Led by Safetytech …

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