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Mikkel Skou, Executive Director of Veracity by DNV Mikkel Skou is Executive Director of Veracity by DNV, with over 25 years of experience driving digital transformation across the maritime and energy sectors. With expertise in digital ecosystems, AI, and innovation, he leads Veracity’s mission to deliver trust, transparency, and business value through digitalization and collaboration. …

The English Court of Appeal has addressed the appropriate interpretation of clause 29 of the BIMCO Barecon 2001 standard form of bareboat charter – the clause which concerns the repossession of a vessel following early termination. The Court of Appeal has confirmed that repossession of a vessel upon termination must be prompt and practical – …

“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high of 14.1%. The order book may kickstart the renewal of a fleet that has grown older on average since 2018,” says Niels Rasmussen, …

This was a dispute relating to mergers and acquisitions (M&A) advisory work carried out in respect of the merger of two crude oil tanker operators. The Court dismissed the advisory company’s claim in restitution for more than US$11.5 million for services it provided in connection with the transaction which it claimed went beyond the scope of …

Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has been in use since 2008. Users can see the constituent parts of the standard calculation, including income lines, …

A doubling of cargo capacity in the past nine years has been achieved by the China-owned fleet of merchant ships – bulk carriers, tankers, container ships, gas carriers and other ship types. Newbuildings on order now comprise almost a fifth of the fleet, a doubling in a few years, implying further robust expansion. What is …

Infoplaza introduces i-nav, an integrated maritime platform that combines advanced voyage optimisation, automated vessel reporting, and built-in regulatory compliance. Designed for offshore operators and maritime companies, i-nav helps streamline decision-making, reduce fuel consumption, and ensure robust compliance under modern rules. As the maritime sector faces increasing pressure to reduce emissions, control costs, and meet new …

As global carriers assess the possibility of resuming Red Sea transits, Supal Shah, CEO of Sarjak Container Lines, says the real question is not whether the industry will return, but how quickly. The speed of that return will define whether the market experiences rate crashes or a more orderly stabilisation. Sarjak Container Lines operates services in and out …

The dry bulk market has been staring at a major paradox this year, China’s iron ore import demand amid adverse local market conditions. In its latest weekly report, shipbroker Intermodal said that “one of the more interesting paradoxes in today’s dry bulk market is unfolding in China’s steel value chain. On the surface, the story …

Selling an oil tanker in today’s sanctions landscape is not as simple as signing a contract. Under EU rules, sellers must notify authorities – and in some cases get prior approval – to avoid liability if a vessel later ends up transporting sanctioned Russian oil. The question is: how far does the seller’s responsibility go? …