Κατηγορία: Analysis

  • The Shipping Almanac

    What a P&I Club Would Advise: Best Practices for Reporting and Evidence Collection After Personal Injuries at Sea

    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 […]

  • The Shipping Almanac

    The Impact of «Pay-to-be-Paid» Clauses in Marine Insurance: Insights from MS Amlin Marine NV v King Trader Ltd and Others

    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 […]

  • The Shipping Almanac

    Clause 14 and Damages under NSF 2012: A Closer Look at The Lila Lisbon case

    [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 […]

  • The Shipping Almanac

    Q1 2025 Dry Bulk Newbuilding: Record Deliveries, Shifting Vessel Profiles & Divergent Shipyard Orders

    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 […]

  • The Shipping Almanac

    The MSC FLAMINIA Litigation Reaches Its Final Chapter: A Landmark Supreme Court Decision on Limitation of Liability

    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 […]

  • The Shipping Almanac

    Solidifying New York’s Position in Maritime Choice-of-Law Clauses: The U.S. Supreme Court Speaks

    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 […]

  • The Shipping Almanac

    S&P of Tankers: Trends and Facts in 2024 and 2025

    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 […]

  • The Shipping Almanac

    S&P Trends for 2024 and Predictions for 2025: Offshore Support Vessels, Yachts, and Boats

    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 […]

  • The Shipping Almanac

    Navigating the Future: A Comparative Analysis of Alternative Fuels for Sustainable Shipping

    The maritime industry, responsible for approximately 90% of global trade, is a significant contributor to greenhouse gas emissions, accounting for about 3% of the global total. As the sector faces increasing pressure to reduce its environmental footprint, the exploration of alternative fuels has become paramount. This article delves into the potential of various alternative fuels, […]

  • The Shipping Almanac

    The High-Stakes Game of Oil & Gas Exploration: Risks, Costs, and Cutting-Edge Technology

    The pursuit of oil and gas reserves remains a complex, high-risk endeavor that demands significant capital investment and the application of advanced geological and geophysical techniques. Despite technological advancements, exploration continues to be a gamble, with substantial financial outlays and no assured returns. Understanding Petroleum Reservoirs Oil and gas accumulate in underground reservoirs—geological formations where […]