Chartering

American P&I Club CIRCULAR NO.05/25 dd 05 Feb. 25

Dorothea Ioannou
FEBRUARY 5, 2025
CIRCULAR NO. 05/25
TO MEMBERS OF THE ASSOCIATION

Dear Member:

ELECTRONIC BILLS OF LADING: NOTIFICATION OF NEW PROCESS
Notification to members

1. The International Group of P&I Clubs (the Group) is pleased to announce that from February 20, 2025, paperless trading systems will be ‘deemed approved’, if they comply with certain requirements. The requirements for ‘deemed approval’ are:

i)the system permits ‘compliant’ electronic bills of...

https://allaboutshipping.co.uk/2025/02/05/american-pi-club-circular-no-05-25-dd-05-feb-25/

Baltic Exchange enters the Chemical Tanker Market with New Chemical and Agricultural Oil Freight Assessments 

Baltic Exchange has launched a new series of chemical and agricultural oil assessments to meet the evolving needs of the maritime freight market.

Baltic Exchange has launched a new series of chemical and agricultural oil assessments in order to meet the evolving needs of the maritime freight market and bring its renowned expertise and benchmarking data to the chemical and agri-oil shipping sectors. 

The Baltic Chemical and Agricultural Oil Assessments (BCAA) will be produced on a weekly basis as...

https://allaboutshipping.co.uk/2025/02/05/baltic-exchange-enters-the-chemical-tanker-market-with-new-chemical-and-agricultural-oil-freight-assessments/

Invitation to an LSLC HYBRID event – The Polar (2021) – 25th April 2022

THE LSLC IN ASSOCIATION WITH TWENTY ESSEX WELCOMES MEMBERS AND OTHER COMMERCIAL PROFESSIONALS TO THE CENTRE’s 3rd WEBINAR IN ITS 2022 GLOBAL WEBINAR SERIES

THE POLAR [2021] EWCA Civ 1828;
[2022] 1 Lloyd’s Rep 375

The Court of Appeal considers the incorporation of a charter war risks / K&R regime into bills of lading 

Specific issues to be discussed will include:

  • The approach to the incorporation of charterparty terms into bills of lading in general
  • Whether exclusive insurance codes in charters will...

https://allaboutshipping.co.uk/2022/04/20/invitation-to-an-lslc-hybrid-event-the-polar-2021-25th-april-2022/

Market hiccups whilst the Ukrainian inferno continues and Covid makes waves

John Faraclas

Post Easter Market losses whilst the Ukrainian inferno will last and spill over like Covid… A crucial second Easter Week given the Orthodox Easter but with unorthodox combat. Shame! John Faraclas’ brief Market and geopolitics recap:

The BDI (Baltic Dry Index) lost 22 points since last week (14/04) and now reads 2,115…

The Capes’ BCI was down 139 points losing the 1,400 points threshold and now stands at 1,342…

Mini gains for the Panamaxes’ BPI now at 3,079 – up 37 points.

Gains for...

https://allaboutshipping.co.uk/2022/04/19/market-hiccups-whilst-the-ukrainian-inferno-continues-and-covid-makes-waves/

What a Week that was…

John Faraclas

Markets “hit” back- the BDI@2,137; the Ukrainian mess will continue and, possibly, might spill over… whilst COVID expands uncontrollably. Wonder what contingency plans are in place to confront the coming Armageddon. Thank the Olympian Gods we had a unique Marine Money Conference, a very special Indian National Maritime Day and a few more events… John Faraclas’ daily and weekly recap:

The BDI (Baltic Dry Index) was up 69 points since yesterday at 2,137 and 82 since last week’s...

https://allaboutshipping.co.uk/2022/04/15/what-a-week-that-was/

LSLC HYBRID event – The Polar (2021) – 25th April 2022

THE LSLC IN ASSOCIATION WITH TWENTY ESSEX WELCOMES MEMBERS AND OTHER COMMERCIAL PROFESSIONALS TO THE CENTRE’s 3rd WEBINAR IN ITS 2022 GLOBAL WEBINAR SERIES

THE POLAR [2021] EWCA Civ 1828;
[2022] 1 Lloyd’s Rep 375

The Court of Appeal considers the incorporation of a charter war risks / K&R regime into bills of lading  
Specific issues to be discussed will include:
– The approach to the incorporation of charterparty terms into bills of lading in general
– Whether exclusive insurance codes in...

https://allaboutshipping.co.uk/2022/04/13/lslc-hybrid-event-the-polar-2021-25th-april-2022/

Falling Dry Markets; Wets …buoyant. Messy Geopolitics with Ukraine at the brink of a total catastrophe unless… Covid’s uncontrollable spread…

John Faraclas

The BDI (Baltic Dry Index) approached the danger zone, that of 2,000 points as the fall continued all through the week. Wets as always volatile and peculiar. The Ukrainian mess and damage for humanity will need, at least a generation to “heal” to all intents and purposes; and there is more to come from the spill over. SHAME! Covid spreads again as politicians’ hallucinations “made” them medical scientists… John Faraclas’ daily and weekly recap:

The BDI lost six points since...

https://allaboutshipping.co.uk/2022/04/08/falling-dry-markets-wets-buoyant-messy-geopolitics-with-ukraine-at-the-brink-of-a-total-catastrophe-unless-covids-uncontrollable-spread/

Xeneta: Spot Rates From Far East to the South American East Coast have had the biggest fall in spot rates since the start of 2022 – down 35.1%

Peter Sand

Of the major global trades, rates from the Far East to the South American East Coast (SAEC) have had the biggest fall in spot rates since the start of 2022.

On 1 April, average spot rates were down 35.1% from 1 January – having fallen by USD 4 440 per FEU, bringing them to USD 8 200.

Spot rates haven’t been below this level since early May 2021. On average, the spot rate on this trade in 2020 was USD 2 870 per FEU.

Spot Rates From Far East to the South American East Coast (SAEC)

https://hu...

https://allaboutshipping.co.uk/2022/04/06/xeneta-spot-rates-from-far-east-to-the-south-american-east-coast-have-had-the-biggest-fall-in-spot-rates-since-the-start-of-2022-down-35-1/

Diana Shipping Inc. Announces Delivery, Sale and Leaseback of the Capesize Dry Bulk Vessel m/v Florida

..

ATHENS, GREECE, March 29, 2022 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Florida, a 2022 Japanese new-building Capesize dry bulk vessel that the Company entered into an agreement to purchase in December 2021. As previously announced, the Company, through a separate wholly-owned...

https://allaboutshipping.co.uk/2022/03/29/diana-shipping-inc-announces-delivery-sale-and-leaseback-of-the-capesize-dry-bulk-vessel-m-v-florida/

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