Initiated by ship owners and operators, the all-encompassing Maritime Labour Convention has already proved itself as an innovative piece of legislation. But while many operators have so far been able to meet the requirements with relatively little effort, meeting the next tranche of rules on financial security will not be so easy.
Cyber attacks in shipping go largely unreported, but the growing threat they pose should be keeping maritime businesses on their toes, with prevention much better than cure.
The fixtures search function on the Baltic Exchange’s website is now available for all fixtures later than 1 January 2007.
The Baltic Exchange’s Shipping Risk Management Symposium will take place at the University of Hamburg on 9 October 2014. Among other events, an evening panel discussion on developments in the shipping and ship finance markets will feature CFOs and risk management executives from four major shipping companies along with academics. Details on the programme and… Read more…
The Court of Appeal decision in the Global Santosh gives broad meaning to “charterers’ agents” in the off-hire clause and reveals how it can include the whole chain of parties, down to the sub-charterers and the receivers.
The UK has a new Shipping Minister following this week’s government reshuffle. John Hayes, Conservative MP for South Holland and the Deepings is now Minister of State for Transport and will have responsibility for shipping issues. The move sees Stephen Hammond leave government after nearly two years at the Department for Transport.
The City T20 Cricket tournament and marquee lunch will take place at Wormsley Cricket Club on the Getty Estate in Buckinghamshire on 2 September. The Baltic Exchange CC will play against the London Stock Exchange and Lloyd’s of London. Spectators at the triangular clash will enjoy a three course lunch with fine wines, a champagne… Read more…
A modern day revamp of the doctrine of frustration introduces an element of unpredictability in cases where the vessel’s insured value is not explicitly stated in the charterparty