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IBC and MARPOL Annex II changes require preparations ahead of 1 January 2021

14 October 2020

Amendments to the International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and International Convention for the Prevention of Pollution From Ships, 1973 as modified by the Protocol of 1978 (MARPOL) Annex II - Carriage of noxious liquid substances in bulk, will impact all stakeholders in the chemical and Vegetable oils trade. As the amendments enter into force on 1 January 2021, It is recommended that ships replace existing certificates as soon as possible, to make sure the vessels are operational come 1 January.

Demolition report dated 1 January 2021

04 January 2021

As we bid farewell to 2020, which has quite frankly been an unprecedented and tumultuous year for nearly the entire world, all eyes are now on 2021 and most are trying to stay optimistic about brighter days ahead, especially given the roll out of the Covid-19 vaccine finally underway in many countries across the world. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 8 January 2021

11 January 2021

It has been an excellent start to 2021 for the international ship recycling industry, as steel gains have pushed the markets on again, particularly in a resurgent Bangladesh, which tops the leaderboard by some distance and for another week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Dry cargo market report dated 8 January 2021

11 January 2021

Capesize: The market has surely surprised many this week after sparking into life and quickly surpassing levels seen in November and December 2020. The Capesize 5TC ended 2020 at $16,633 and now closes out its opening week of 2021 at a resounding $21,131. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.