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US seaborne exports to China of the goods which China has imposed tariffs on since the start of the trade war fell by 37.6% in the first 11 months of 2019 (11M 2019) compared to the same period of 2017, the last full year unaffected by the trade war.
BIMCO has added several features to its contract editor since it was launched in 2018, and more will be added by the end of the year and throughout 2020.
Description of the Northern Sea Route and the Northern Sea Route Administration (NSRA)
The Fuel Oil Non-availability Report (FONAR) is not a get-out-of-jail-free card. What is meant as a useful last resort for a ship arriving with non-compliant fuel at a port could come with an expensive price tag.
Even with the sulphur cap expected to give a boost to the tanker market, high fleet growth will put pressure on earnings.
The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives.
Economic growth around the world is slowing, and several governments – including Germany, China and South Korea – have announced stimulus packages to boost their economies.
Although the New York Produce Exchange Charter Party 1946 (hereinafter “Nype 46”) is probably the most widely used time charter party form still, it is not a very good form in this day and age. It dates back to 1946 and readers will agree that quite a few things have changed since then! However, it would be naive simply to ignore it.