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June 2016

BIMCO launches new standard agreements for novation of shipping contracts

BIMCO has today published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.

May 2016

BIMCO President speaks on the “road to recovery” for the dry bulk market

“Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market” BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market analysis

BIMCO/ICS Manpower Report predicts potential shortage of almost 150,000 officers by 2025

Launched yesterday evening at the International Maritime Organization, the latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers...

BIMCO to refer to new York-Antwerp Rules 2016 in future documents

BIMCO will now refer to general average being adjusted in accordance with the new York-Antwerp Rules (YAR) 2016

April 2016

BIMCO's top priorities for IMO's Marine Environment Protection Committee

BIMCO has today shared the two critical issues at the top of its own priority list ahead of the IMO’s MEPC meeting next week.

January 2016

Shipping encouraged to use new transitional measures for ship recycling

Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ launched by a wide coalition of international shipping industry organisations.

November 2015

BIMCO launches anti-corruption clause for shipping contracts worldwide

BIMCO, the world’s largest international shipping organisation, has now launched an anti-corruption clause for charter parties. The new clause will give owners and charterers a contractual platform for cooperative action to resist demands for illegal payments from port officials and others.

October 2015

Major revision of NYPE time charter party

The first revision of the New York Produce Exchange Time Charter (NYPE) since 1993 now published

Vigilance still crucial as piracy High Risk Area in the Indian Ocean reduced

Organisations representing the global shipping and oil industry have announced that the size of the ‘High Risk Area’ for piracy in the Indian Ocean has been reduced and issued new advice to merchant ship operators.

September 2015

EU Naval Force Somalia - Operation Atalanta - Press Release

At a breakfast meeting earlier today with senior shipping industry representatives, the EU Naval Force Operation Commander, Major General Martin Smith MBE, stated that whilst Somali-based piracy in the Indian Ocean and Gulf of Aden is suppressed, there is no room for complacency regarding the ongoing threat.

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