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19 January 2024SmartCon will be the long-term successor for IDEA. Based on the latest Microsoft technology, it will ensure that we can continue to offer our industry-known contracts for years to come.
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SmartCon will be the long-term successor for IDEA. Based on the latest Microsoft technology, it will ensure that we can continue to offer our industry-known contracts for years to come.
SnP activity remains firm, with strong demand for crude carriers mainly driving appetite at the moment, while it seems that the gap between Buyers and Seller's ideas is narrowing as far as dry bulk vessels are concerned. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
The standard term sheet for bilateral ship financing transactions adopted by BIMCO’s Documentary Committee has now been published together with explanatory notes on IDEA. A copy of the term sheet, codenamed SHIPTERM, and explanatory notes are also available .
Members of the Cyprus Chamber of Shipping gathered in Limassol on 18 January for an update on BIMCO activities and services.
BIMCO will host a one-hour webinar on 27 January at 10:00 CET to introduce the new standard term sheet for bilateral ship financing transactions, codenamed SHIPTERM.
The AUSTWHEATBILL is a charter party bill of lading for shipments of wheat carried under the Australian Wheat Board’s AUSTWHEAT 1990 Charter Party. The government-owned Australian Wheat Board (AWB) is now defunct. The latest edition of this bill of lading is from 1990. AUSTWHEATBILL is not available in BIMCO's IDEA.
The impressive improvement in the dry bulk freight market seems to have stalled SnP activity a bit last week, with Buyers and Sellers likely to be adjusting their ideas to match improving sentiment and earnings. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
Reducing the amount of plastic litter in the oceans is a shared responsibility and requires a collective effort. By taking steps to reduce single-use plastics on ships, the shipping industry will contribute to addressing the global plastic litter problem. We know that many BIMCO members are taking decisive and positive action in this area and we are keen to learn from their experiences to help shape a bigger industry campaign.
With Buyers lowering further their ideas amidst further discounts in the freight market and Sellers trying to resist until performance of the dry bulk market in the past days has impacted SnP activity in the sector. Interest for second-hand bulkers is still there but as falling freight rates are passing more control over to Buyers, Sellers’ ideas consequently become unrealistic in a number of cases, impacting SnP activity as a result. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
The disappointing performance of the dry bulk market in the past days has impacted SnP activity in the sector. Interest for second-hand bulkers is still there but as falling freight rates are passing more control over to Buyers, Sellers’ ideas consequently become unrealistic in a number of cases, impacting SnP activity as a result. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.