ShippingWatch

Skuld: British OW ruling could cause problems for charter

Shipowners are in a much weaker position after the UK Supreme Court ruling in May. Going forward, problems could arise with charter parties, projects Stig Gregersen, Vice President of Skuld. There are several precautions available, although these are difficult to observe in practice.

Photo: OW Bunker

The battles in the wake of the OW Bunker bankruptcy back in the winter of 2014 continue at courts around the world. But after the ruling at the UK Supreme Court in May, the carriers are in a much weaker position than before, and this could cause problems in the future regarding the complicated matter of ship fuel and the rights to this fuel if more bankruptcies happen in the industry.

This prediction comes from Stig Gregersen, Vice President of marine insurer Skuld, which is currently involved in several cases around the world stemming from the OW Bunker collapse.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs