English Supreme Court rules in favour of OW Bunkers

On 11 May 2016 the English Supreme Court delivered its unanimous judgment on the RES COGITANS case in favour of bankrupt marine fuel supplier OW Bunker Malta (“OW Bunkers”) in a dispute over payment liabilities rejecting the further appeal of the ship owners. The outcome was generally expected, as the ship owners had been unsuccessful before the arbitrators, High Court and Court of Appeal.

Check list for Operations dept.

One of the main things to do, when a voyage is fixed and you operate vessel on time charter is drafting a check list for the voyage. Though it's not a very hard question, a check list may hardly be standardized, because it's structure depends on a particular voyage. However we may divide it into blocks and try to make universal rules for these blocks. Here's the example of blocks for an easy usual voyage basis 1/1 without passing channels.

Dry Bulk Rate Recovery Short-Lived?

Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally could flatten out into the second half as the macroeconomic outlook remains uncertain, the latest forecasts show from IHS Inc.

It's Now Cheaper To 'Buy' A Dry Bulk Freight Vessel Than A Starbucks Coffee

Just 3 months ago China’s slowing growth has crushed shipping rates to such an extent that hiring a 1,100-foot merchant vessel would set you back less than the price of renting a Ferrari for a day.

Rates for Capesize-class ships plummeted 92 percent since August to $1,563 a day amid slowing growth in China. That’s less than a third of the daily rate of 3,950 pounds ($5,597) to rent a Ferrari F40, the price of which has also fallen slightly in the past few years, according to Nick Hardwick, founder of supercarexperiences.com.

Types of bulk carriers (one more post)

I saw this picture and understood that I cannot avoid posting it. :)