14 June 2019
BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.
12 June 2019
As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
11 June 2019
Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.
04 April 2019
Fraudulent registration of ships and fraudulent registries, which have been used as a cover for criminal activities, was high on the agenda of the 106th session of the IMO Legal Committee, taking place in London from 27 to 29 March.
20 February 2019
Calling a market turnaround to perfection is pure luck. But scouting for pillars that would support a higher level of demand makes sense. First up is the next Brazilian soya bean export season.
13 February 2019
BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry. The proposal has been made to the expert workshop preparing for the study, which is meeting in London 12-14 March.
05 February 2019
The International Labour Organisation (ILO) celebrated its 100 years by issuing a new consolidated text of the Maritime Labour Convention, as amended (MLC,2006) which includes the 2014 and 2016 amendments.
20 December 2018
Amendment 39-18 will be incorporated into the International Maritime Dangerous Goods Code (IMDG), 2018 Edition, and come into force on 1 January 2020.
04 May 2021
Providing the significant changes under the Amendment 39-18, 2018 edition to the IMDG Code.
Note that the IMDG Code, Amendment 39-18, 2018 edition, published by the International Maritime Organization (IMO) is mandatory from 1 January 2020 and applicable for two years until the next edition of the IMDG Code becomes mandatory from 2022.
09 November 2018
The deadline for ships to carry two fire-fighter radios on board from 1 July 2018 is proving difficult for shipowners to meet, due to a shortage of components.