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BIMCO expands its Asian presence

24 September 2021

Deputy Secretary General, Søren Larsen, is expected to relocate to Singapore in the first quarter of 2022 to facilitate BIMCO’s ambition to strengthen support to members and the wider maritime community in the region.

Tanker market report 10 September 2021

13 September 2021

This year has seen an impressive surge in commodity prices. Steel prices reached multiyear highs in May and, although they have since eased back, values remain above levels seen between 2016-2020. Shipping has not been immune, with newbuild prices moving up in tandem, although intense ordering activity in some segments, most notably the container industry, and the resulting shrinking yard availability for the nearer term have also played an important role. Since December last year, tanker newbuild prices have appreciated by around 15%-25% depending on the sector.  The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Maritime Labour Convention, 2006 (MLC, 2006) - A Quick Summary

22 June 2021

The Maritime Labour Convention, 2006 (MLC, 2006) is an international labour convention adopted under the scope of the International Labour Organization (ILO) in February 2006 and contains a set of global standards bringing nearly all the existing maritime labour instruments together in a single reformatted Convention. BIMCO provides all the information you need to know about the MLC, 2006 in the form of a quick summary with the relevant links provided. The latest FAQ issued by the ILO in November 2020 is also included.  

Macroeconomics: pandemic disruption hits supply chains as multi-paced recovery takes hold

01 June 2021

Despite diverging pandemic paths in the world, global growth is forecast to reach 6% this year, according to the International Monetary Fund, following a 3.3% contraction last year. There are, however, still plenty of downside risks, especially as parts of the world are facing their worst coronavirus outbreaks to date and the prospect of a large part of the global population being vaccinated is still a long way off.