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Transparency and dialogue between owners and charterers key to crew change challenge

20 January 2021

World trade has to flow - we get that. Charterers have contractual obligations under short term spot charters that sometimes leave little room for delays - we get that too. Owners are responsible for managing and relieving their crews - that's not in doubt either. But what we don't accept is that a minority of charterers may simply be looking the other way when they are presented with a ship that also happens to be in need of a crew change. We don't expect charterers to foot the bill and we recognise that hiring ships is a matter of commercial negotiation - but we see no reason why charterers and owners should not have an open and honest dialogue to try to find a solution for much needed crew changes.

Demolition report dated 4 January 2019

07 January 2019

After a slightly sluggish festive period (in terms of sentiment and pricing) and as the industry head into the New Year, there was brewing optimism for a return to form in the subcontinent ship recycling markets. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 2 November 2018

05 November 2018

The supply of tonnage, particularly in the beleaguered tanker and container sectors, continued at pace this week, amidst another mixed showing from the local markets. There seems to be a greater degree of Cash Buyer speculation brewing than there is actual appetite for tonnage from the various markets.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.