Supreme Court Rulings Reshape Refund Guarantee Drafting

SSY has published its weekly technical analysis for 13 October 2026, offering market insights and chart-based assessments across key shipping sectors.

Court rules that sanctions did not frustrate long-term bareboat charters, upholding contractual obligations and enforcing performance guarantees despite sanctions-related disruption.

England’s Court of Appeal has ruled that obtaining security for a maritime claim does not interrupt the Hague-Visby Rules’ time bar, underscoring the need to preserve underlying claims independently in Batavia Eximp v Pedregal Maritime.

UK P&I Club examines accident investigation lessons on pilotage, highlighting how effective bridge team communication, clear roles and local navigational expertise can improve safety when large vessels enter or leave port.

BIMCO urges ship operators to check seasonal whale protection measures and use digital tools to navigate safely through sensitive habitats, reducing strike risks as whales migrate into critical areas.

Lion Shipbrokers reports a third straight weekly BDI decline to 2,917, active bulker sale-and-purchase deals led by capesizes, softer subcontinent demolition prices, and robust tanker transactions across VLCC, suezmax and MR segments.

West P&I warns of liquefaction risks after a fatal bulk carrier casualty involving iron ore fines loaded at Paradip, India, urging members to follow safe carriage procedures for moisture-sensitive cargoes.

NYK Line examines why the world’s largest economy has a limited shipping presence, using historical context and data to assess the strategic implications for U.S. maritime power under Trump’s second administration.