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IACS has revised Recommendation 74 "Guide to managing maintenance in accordance with the requirements of the ISM Code" in August 2018
IACS has revised Recommendation 46 "BULK CARRIERS– Guidance and Information on Bulk Cargo Loading and Discharging to Reduce the Likelihood of Over-stressing the Hull Structure" in July 2018.
BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities – a key change that will lead to wider adoption of the contract.
With the final week of 2018 upon us, we take the opportunity to reflect on another interesting year of progress and change across the international ship recycling markets The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As the shipping industry evolves by shifting towards the use of alternative fuels that will be more sustainable in the future, BIMCO publishes the first of many more supply terms addressing this issue. The LNG Bunker Terms are now available for use as a simple Annex B to the existing BIMCO Bunker Terms 2018.
2018 has been absolutely horrible for the crude oil tankers with freight rates and the fleet utilisation rate falling to a record low level.
After a bumper week of sales, things certainly slowed a touch this week with just the one VLCC sale to report, as the number of VLs already committed through 2018 steadily creeps towards 30. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Unsurprisingly this week, another four VLCC sales (both market and private) were reported, further adding to the burgeoning volume of large LDT wet units that have been sold through 2018 already The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
California State Lands Commission - Information about the implementation of biofouling management requirements and a reminder about existing reporting requirements.
A Year of Pain? 2018 looks set to be another painful period for tanker owners, with a continued wave of new tonnage and potentially challenging demand conditions. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)
