Mercuria v Baltic Exchange: The Legal Uncertainty Surrounding Freight Benchmarks
Mercuria’s High Court claim against the Baltic Exchange over TD3C raises wider questions about the reliability of freight benchmarks during severe market disruption. With TotalEnergies’ trading arm reportedly considering a similar claim, the dispute could test how benchmark providers respond when the markets they measure become distorted.
Ilyas Bayramli
May 31
US Restrictions in the Strait of Hormuz and the Growing Risk for Shipping
Following the failed peace agreement talks with Iran, the United States has sent more than a dozen ships to restrict the vessels entering and leaving the Iranian ports. Despite the agreement of a temporary ceasefire between the US and Iran, mediated through Pakistan, the United States has taken a further step that has placed the Strait of Hormuz under renewed pressure, raising concerns over the safety and predictability of shipping in the region. Following Tehran’s refusal to
Ilyas Bayramli
Apr 16
