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Tankers still in demand despite bleak outlook

15 March 2011

One year ago the tanker orderbook stood at 132 million DWT – today it totals 118 million DWT. The total orderbook is down by 11% over the last year. Even though new contracts are being signed at a steady pace, that pace remains slower than that of newbuildings being delivered.

Chartering fraud

22 August 2017

BIMCO is aware that fraudsters, previously mainly trying to trick owners into paying large amounts by way of “liner in costs”, have expanded their “business” into time charter. Owners should be vigilant and at all times ensure they know their counterpart.