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On board any vessel, maintaining a culture of safety and diligence isn’t just about compliance—it’s a practical shield against both injury and liability. P&I Clubs emphasize that all personal injury incidents, no matter how minor they may initially appear, must be reported, investigated, and recorded meticulously. Here’s what your P&I Club would expect—and strongly advise—in
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The complex relationship between marine insurance, insolvency, and third-party claims is an ongoing issue in the maritime industry, one which was recently brought into focus in the MS Amlin Marine NV v King Trader Ltd and Others case. In this legal matter, the pay-to-be-paid clause in a charterers’ liability insurance policy was tested, with important
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[2024] EWHC 2075 (Comm) | High Court (Commercial Court), Mrs Justice Dias | 9 August 2024 The decision in Orion Shipping and Trading Ltd v Great Asia Maritime Ltd (The «Lila Lisbon») brings clarity to the damages available when cancellation rights are exercised under clause 14 of the Norwegian Saleform 2012 (NSF 2012) due to
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In Q1 2025, the dry bulk newbuilding market experienced notable shifts, with deliveries and orders reflecting both market trends and the influence of geopolitical factors. In this article, we explore the key data points, compare performances between Chinese and Japanese shipyards, and discuss what these trends mean for the broader shipping industry. Record Newbuilding Deliveries
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In early February 2025—more than twelve years after the tragic incident—the UK Supreme Court heard the final legal arguments in the long-running case surrounding the container vessel MSC FLAMINIA. Although the underlying commercial dispute had already been settled, the court proceeded to rule on the significant legal issues involved, recognizing their broader relevance to maritime
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On February 21, 2024, the U.S. Supreme Court issued a landmark decision in Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC, resolving a significant legal issue regarding the enforceability of choice-of-law clauses in maritime contracts. The case arose from a dispute involving a marine insurance contract between Raiders Retreat Realty Co., LLC, a
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Tanker Sales Decline in 2024 Amid High Asset Prices In 2024, the tanker sale and purchase market witnessed subdued activity, primarily due to elevated asset prices deterring investors. Data indicates that the number of tanker sales for vessels above 10,000 deadweight tonnage (dwt) stood at 337, marking a 34% decrease compared to previous years. This
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Offshore Support Vessels: Navigating a Downturn in 2024 In 2024, the offshore support vessel (OSV) sector faced a sharp downturn, with total sales falling to US$1.79 billion—down 43% from US$3.12 billion in 2023. This decline was mirrored by a significant drop in the number of vessels sold, from 364 transactions in 2023 to only 172
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The «shadow fleet,» a network of tankers now numbering in the hundreds, has swiftly emerged as a consequence of the G7’s price-cap policy aimed at curbing Russia’s oil revenues. With restrictions limiting Russia’s ability to sell crude oil at market rates, a sophisticated system of covert shipping operations has arisen to sidestep these sanctions, posing
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In the competition for Arctic dominance, icebreakers are becoming essential tools for trade, resource extraction, and military influence. Russia is the undisputed leader in icebreakers, with at least 50 vessels, including 13 Arctic-capable ones and seven nuclear-powered, along with an extensive network of ports in the region. China reportedly has four icebreakers suitable for Arctic
The Shipping Almanac
Welcome to The Shipping Almanac—a fresh, dynamic take on the ever-evolving world of shipping.
Curated by a young professional deeply inspired by the maritime industry, this blog unpacks complex topics, delivers insightful analysis, and keeps you up to speed with the latest trends shaping global trade.
The Shipping Almanac 