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RightShip and INTERCARGO have today announced the launch of an important new quality standard for the dry bulk sector, DryBMS. The standard will be governed by a new NGO to be established later this year and will support the improvement of safety in the dry bulk segment.
As bunker fuel costs have come down from USD 600 per tonne to USD 330 per tonne over the past 6 months, there has been much talk about increased ship speeds. Some single voyage or single company estimates aim at supporting the reintroduction of higher speeds to generate higher revenue and potentially higher earnings. In reality, some of them may actually prove able to deliver on the promise.
BIMCO's position has been approved by the BIMCO Board of Directors.
BIMCO has published two sulphur content related bunker clauses which are now available on the BIMCO website and on SmartCon, BIMCO’s contract editing solution.