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The joint Association of Ship Brokers and Agents (USA) Inc. and BIMCO subcommittee, which is revising the standard tanker voyage charter party form ASBATANKVOY, has now finalised a draft for industry consultation.
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts.
The Standard Time Sheet (short form) was published in 1975 and is recommended by BIMCO and FONASBA (the Federation of National Associations of Ship Brokers and Agents) to assist in the calculation of laytime. The latest edition of this document in the Standard Time Sheet (short form), issued in 1975.
The shipping industry is estimated to be responsible for around 3% of annual greenhouse gas emissions. Work towards decarbonisation is underway and the challenge is immense. Finding solutions – from fuels to technology – to facilitate one of the biggest transitions ever faced by the maritime industry must be a priority. There is lots being done and there is still so much more to do. There is no turning back.