BIMCO Search Results

BIMCO COVID 19 weekly report

23 July 2021

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 23rd July 2021.

Newbuilding report dated 20 July 2021

21 July 2021

Appetite for new orders resumed on the newbuilding front, with another generous round of freshly-inked deals surfacing in the past days across the non-conventional sectors, while a good number of dry bulk orders was also present with Japanese owners being behind these contracts exclusively. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.

Newbuilding report dated 13 July 2021

19 July 2021

The newbuilding market has seen a smaller number of contracts surfacing compared to the previous week while given the fact that we are already halfway through the summer season, a slowdown in acitivy is more or less expected. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.

Newbuilding report dated 6 July 2021

19 July 2021

The newbuilding market activity remains healthy for another week, with the owner’s interest focusing on the Container sector followed by a strong appetite for LNG units last week. Tanker and bulker units were the minority among the recent newbuilding orders, while no crude carrier contracts were materialized during the previous days. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.

New BIMCO clause clarifies contractual position on AIS switch-off

16 July 2021

BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).

AIS Switch Off Clause 2021

16 July 2021

AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme. Although the continuous operation of a ship’s Automatic Identification System (AIS) is mandatory under SOLAS, there are circumstances where it may be legitimately be switched off. The purpose of the clause is to ensure that when this is done legitimately, it does not give rise to termination rights and ensures a balance of the rights and responsibilities between owners and charterers in preventing AIS manipulation to evade sanctions.