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Macro Economics: Demand supported by EU and US while China is creating uncertainty
08 October 2015All eyes are on China in recent months as most other non-Chinese economic indicators have been dwarfed by the government’s actions and markets’ reactions. It is all of the things that we don’t know about the Chinese economy that is worrying, not the fact that the economy is in a transition phase which inevitably will drive down GDP growth and change import and export patterns.
Greece, Volos - Ballast
27 February 2018BIMCO publishes the Russian Oil Price Cap Scheme Clause 2023
02 June 2023The clause provides a standardised framework for charterers and owners to agree on and include in their charter parties. It addresses compliance with the regulation of Russian oil and petroleum products following the EU/G7 measures, which implemented an oil price cap on specific oil products originating from or exported by Russia. BIMCO has developed a comprehensive and adaptable clause that caters to the needs of various industry stakeholders, promoting responsible shipping practices and ensuring compliance with the evolving regulatory landscape.
A trade war is harmful to us all and clearly bad for global shipping
22 March 2018Free trade provides prosperity and peace. It’s a fundamental principle to cherish and safeguard. All trade-restrictive measures are in principle bad for shipping. Right now, the international atmosphere is full of threats of retaliation and it appears likely that major trading partners with the US like the EU and China will hit back to draw a line in the sand for the US Administration and President Trump.
Council_Implementing_Regulation_(EU) 2021/706 of 29 April 2021
03 June 2021Avoid Life Boat Accidents
30 June 2017The ‘Avoid Lifeboat Accidents’ pamphlet gives clear guidance on how to prevent accidents with lifeboats and rescue boats equipped with on-load release systems.
Ship Management Contracts
16 April 2020The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
Stinne Taiger Ivø appointed Deputy Secretary General at BIMCO
03 January 2024BIMCO’s Director of Contracts & Support, Stinne Taiger Ivø, has been appointed Deputy Secretary General at BIMCO from 1 January 2024.
Updated threat assessment for Red Sea, Gulf of Aden, Bab al Mandeb Strait, Northwest Indian Ocean
07 June 2023A new Internationally Releasable Threat Assessments (IRTA) has been issued by Combined Maritime Forces (CMF) and EU Naval Forces. It is the assessment that the threat from Somali pirates and from terrorists is “benign” i.e. lower than low. However, there are threats related to the ongoing conflict between in Yemen between the Saudi-Led coalition and the Houthi rebel group. These threats are perceived as low for general shipping, but moderate to substantial to ships involved in the conflict in Yemen or engaged in oil activities near Yemeni ports.
