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An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world.
Chief Shipping Analyst at BIMCO, Peter Sand, chaired and spoke this week at the 3rd European Dry Bulk Shipping Market Outlook Conference in Istanbul
Solid demand picture in a stabilized market but a tsunami of ships are expected to be launched in 2010
Enjoy the ride while it lasts - before over-supply of capacity takes over. Demand: Chinese imports of iron ore and coal have been the dominating factor throughout the year
Terminal operators engaged in the loading and discharging of high density solid bulk cargoes are not always aware of the increased stress, torsional, bending and shear forces to which a vessel may be subjected during these operations, Very often speed of loading or discharging is the only consideration and thus this may result in a wrong distribution of cargo, which may damage the vessel. The loading or discharging plan prepared by the ship's officers takes into account the various factors which may cause undue stress and should be adhered to. However, supervision by the ship's officers is often difficult and, even with almost instant communication, the high loading speeds can cause overloading and thus damage in a very short time. It is therefore important that the Charterers instruct Terminal Operators to closely follow the loading or discharging plans and IMO has recently issued a Ship/Shore Safety Checklist to ensure that there is proper co-operation between Terminal Operators and Vessel's Command during cargo operations.
In an effort to bring BIMCO owner-members operating with dry bulk cargoes together in an environment where they can learn from each other, BIMCO is launching its next new network – the BIMCO Dry Bulk Cargo Network.