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Results for:TOWHIRE 2008

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Suspending performance under BARGEHIRE – a useful right for owners?

29 May 2020

Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical.

Macro Economics - GDP and world trade growth downwardly adjusted as the double-dip-ghost refuses to leave the stage.

09 October 2011

2011 started out with a lot of optimism fuelled by a surprisingly better-than-expected growth in the second half of 2010. As the year has progressed it has turned into a paradise lost rather than the sustainable recovery we were all hoping for. Since the January issue of World Economic Outlook was released, IMF has reduced the growth expectations for the Global GDP and now expects only 4.0% growth in 2011. If this forecast holds true, it will be the slowest global growth since 2003 – if you discard the crisis-years of 2008 and 2009. Slashing not only its 2011-estimate, the 2012 outlook has been further lowered, cutting a 0.5%-point off the previously expected 4.5%. Growth is not only slowing down, it is also more unevenly distributed. The growth in advanced economies is now set for 1.6% as compared to an estimate of 2.4% 20 months ago. In contrast, Emerging and Developing economies are up 0.1 to reach 6.4 as compared to 20 months ago.

Tanker market report dated 25 October 2019

29 October 2019

Back in May we discussed the IMO’s plan to reduce CO2 emissions by 40% by 2030 and GHG emissions by 50% by 2050 (compared to 2008 levels). The weekly tanker market report by Gibson Shipbrokers.