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High Court of England and Wales in Kyla Shipping Co Ltd & Anr v Freight Trading Ltd and others clarified law on litigation privilege and waiver of privilege. Interim decision in alleged mispricing claim. Application filed challenging Claimants’ claim of litigation privilege.

Operating dual-fuel vessels takes a change of mindset throughout an organisation, but is the best available solution for decarbonisation, according to experts.

Oil in floating storage at one-year low as market strengthens The volume of crude oil and condensate in tankers worldwide has fallen to a one-year low as the market’s recovery gathers pace, and with a strongly backwardated structure in the Brent crude market discouraging storage. Floating storage had risen around the turn of the year due to port congestion off China and southeast Asia, but that situation has eased considerably in the past few weeks, boosted by the oil market’s recent strength, industry analysts said. According to commodity data company Kpler, the volume of crude and conde...