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Although risks remain, all indicators point to solid and sustained market strength not seen since the financial crisis hit in 2008.
BIMCO's Immediate Past President was interviewed by Greek magazine Naftika Chronika about seafarers and their skills being crucial to the future of the industry. This article is reproduced by kind permission of Naftika Chronika.
Voyage chartering stands as a fundamental aspect of commercial shipping operations. With its contractual arrangements and complex logistical considerations, voyage chartering plays a pivotal role in facilitating the movement of goods worldwide. This is reflected in the wide range of voyage charter parties and stand-alone clauses produced by BIMCO for all aspects of shipping. The BIMCO Voyage Chartering Masterclass is designed to provide participants with a comprehensive understanding of the principles, practices, and challenges inherent in voyage chartering. Over the course of just two days, we will cover a wide range of aspects, both for the dry and wet side of the business. What we also aim to provide is a valuable networking platform for participants to connect and exchange ideas. To facilitate this, we will use group case studies to help participants gain a deeper understanding of how disputes and claims can be argued and resolved.
Voyage chartering stands as a fundamental aspect of commercial shipping operations. With its contractual arrangements and complex logistical considerations, voyage chartering plays a pivotal role in facilitating the movement of goods worldwide. This is reflected in the wide range of voyage charter parties and stand-alone clauses produced by BIMCO for all aspects of shipping. The BIMCO Voyage Chartering Masterclass is designed to provide participants with a comprehensive understanding of the principles, practices, and challenges inherent in voyage chartering. Over the course of just two days, we will cover a wide range of aspects, both for the dry and wet side of the business. What we also aim to provide is a valuable networking platform for participants to connect and exchange ideas. To facilitate this, we will use group case studies to help participants gain a deeper understanding of how disputes and claims can be argued and resolved.
The CII regulation which came into force on 1 January 2023 is complex. In November, BIMCO published a clause to help the industry navigate it. Below, we have gathered some questions and answers to help understand the fundamentals of the clause.
In the first quarter of 2021 high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world's largest bunkering hub.
BIMCO has published a climate change glossary to clarify and harmonise definitions and terminology to ensure that the discussions around climate change and potential solutions for the shipping industry are based on a mutual understanding of what the commonly used terms mean.
The European Corporate Sustainability Reporting Directive (CSRD) will apply to certain companies in 2024 with reports due in 2025, and the scope will be expanded over the next four years. The new rules will significantly impact industries, bringing both challenges and changes to companies and their practices. While your company may not fall within its scope, the effects of the CSRD could soon reach your operations – even outside the EU. Is your company aware and prepared?
