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The Chinese ban on coal imports from Australia has shaken up coal trades in the east.
Knowing the depth and shape of the seafloor (bathymetry) is fundamental for our understanding of ocean circulation, tides, sediment transport and environmental change. Currently, and despite many years of effort, less than 20 per cent of the ocean seafloor has been mapped. Therefore, BIMCO supports the Seabed 2030 initiative and encourages the industry to contribute with input into the project via an online survey.
The International Maritime Organization’s (IMO) latest resolution offers a much-needed path to help prepare for cyber attacks, which are seen as increasingly likely in this digital age. Since January, shipowners and operators have been obliged to assess and prepare for cyber threats to comply with the new resolution.
Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year.
TOWCON is an ocean towage agreement on a lump sum basis. It is not intended for use in port towing. The latest edition of this contract is TOWCON 2021. Copyright in TOWCON 2021 is held by BIMCO.
TOWHIRE is an ocean towage agreement on a daily hire basis. It is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021. Copyright in TOWHIRE 2021 is held by BIMCO.
Amendments to MARPOL Annex VI have been adopted, introducing procedures facilitating port State control’s (PSC) sampling from fuel oil tanks to verify the sulphur content. The amendments will enter into force on 1 April 2022.
The 75th session of International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 75) has in November 2020 adopted amendments to MARPOL Annex VI, introducing a method for fuel oil sampling from ships' fuel oil tanks to verify the sulphur content. The new amendments will enter into force on 1 April 2022.
After an unusually strong start to the year, seasonality has caught up with the dry bulk market. Coupled with a slow recovery in global economic activity, it looks set to be another challenging year.