Groundings

“CMA CGM LIBRA” General Average Defence – Alternative link

Inadequate passage planning renders vessel unseaworthy 

We have been alerted that some readers are having difficulty accessing the link in our original mailing. We apologise for the inconvenience and now share with you an alternative link below.

In a recent case before the English Admiralty Court, Clyde & Co successfully defended a shipowner’s claims for contributions in General Average following the grounding of the “CMA CGM LIBRA” which was carrying cargo with a value in excess of US$500...

http://www.allaboutshipping.co.uk/2019/03/08/cma-cgm-libra-general-average-defence-alternative-link/

The BDI@1,296; “thanks” once again to the Capes… but: Caution should be observed!

John Faraclas

The BDI (Baltic Dry Index) gained 59 points earlier on today as the questionable Capes’ BCI clinched another three-digit points and now stand at 1,925 which is 186 plus since yesterday… and soon might be over and above the 2,000 threshold! John Faraclas’ daily brief:

The Panamaxes’ BPI was down two points at 1,472 proving how bad in reality the market is. It is just a Capes’ market; end of the story
A point plus for the Supras’ BSI now at 950…
No change for the Handies with the BHSI...

http://www.allaboutshipping.co.uk/2018/12/05/the-bdi1296-thanks-once-again-to-the-capes-but-caution-should-be-observed/

Wärtsilä Seals & Bearings – keeping you in operation

Approximately 90% of the world’s trade is transported by international shipping, making vessel maintenance of utmost importance to the global economy. Yet despite advancements in marine technology and effective safety measures, groundings, collisions and major breakdowns still happen. In such situations, Wärtsilä Seals & Bearings can recover your vessel and get you back on the water.

Frequently ships are withdrawn from operation owing to a grounding, collision or major breakdown with three to...

http://www.allaboutshipping.co.uk/2018/11/15/wartsila-seals-bearings-keeping-you-in-operation/

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