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Wednesday, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
Watson, Farley & WilliamsThe continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
 
For those with vessels being built or under repair, it might lead to delays in deliveries or a reduction in available manpower. It might also hamper specialist engineers travelling to ship yards.
 
It is important to consider force majeure clauses and whether those provisions exist consistently throughout a series of charters or contracts.
 
Owners with vessels currently trading in regions affected should carefully consider any safe port and quarantine provisions, without forgetting the relevance of crew employment agreements.
 
It is difficult to determine the size or impact of the “Public Health Emergency”, however it is worth considering what exposure exists and seeking to enter commercial discussions with your counterparts at an early stage to help prevent disputes occurring later.
Source: Watson, Farley & Williams


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Tuesday, 21 January 20
THERMAL COAL PRICES SET FOR RECOVERY THIS YEAR AS OVERSUPPLY TIGHTENS - REUTERS
Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian cou ...


Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act ...


Monday, 20 January 20
CHINA DECEMBER COAL OUTPUT UP 2.4 PERCENT ON YEAR - STATS BUREAU: REUTERS
China produced 331.74 million tonnes of coal in December, up 2.4 percent on the year, the National Bureau of Statistics said on Friday.   ...


Monday, 20 January 20
CHINA IMPORTED 124.4 MLN TONNES OF COAL FROM INDONESIA IN 2019, UP 15.1 PERCENT YOY - BANCHERO COSTA
China's coal imports raced ahead in 2019, surprising many who had expected that in the months of 2019 to come the government would clamp down s ...


Saturday, 18 January 20
BIMCO: LOW-SULPHUR FUEL SALE JUMPS TO A 70% SHARE IN SINGAPORE, AS THE IMO 2020 SULPHUR CAP KICKS IN
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020 ...


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