The clear message of the “Trade and Shipping in a Disrupted World” seminar, which was organised by Maritime London and supported by the UK Department for International Trade, is that time for the recovery of the shipping industry has come.
The pandemic, the war and the rise in fuel prices are all challenges that the sector now faces, and at the same time, other incidents, such as Ever Given grounding in the Suez Canal, have shown how fragile the supply chain sector is.
The cooperation of the...
Lloyd’s commits to the future of the Lloyd’s Salvage Arbitration Branch
LONDON, 23 JULY 2021: In a move that has been strongly endorsed by UK maritime professional services body Maritime London, Lloyd’s has confirmed that it will continue to operate the Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract and procedures.
The Lloyd’s Council decision follows an...
John Faraclas
The BDI (Baltic Dry Index) lost 22 points earlier on today as all indices except the Panamaxes fell. Geopolitics more than perplexed and bankruptcy ante portas “rules” the day. IMIF and Maritime London make a big splash with its 43rd Dinner; John Faraclas’ brief recap:
The Capes lost 63 points with the BCI now standing at 1398 points – another threshold was lost and below the 1,400 points. The shipping industry wonders if the drop in the index – affecting also the other indices,...
http://www.allaboutshipping.co.uk/2018/11/12/contained-losses-with-the-bdi-1125/