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In an effort to understand the situation that members are facing, BIMCO is launching a survey regarding the European Union’s Ship Recycling Regulations’ (EUSRR) requirement of Inventory of Hazardous Materials (IHM) that most cargo ships must comply with from 31 December 2020.
This week’s meeting of the Implementation of IMO Instrument (III) Sub-Committee was in general business as usual because no controversial issues were raised. The bulk of the meeting papers consisted of the different Port State Control (PSC) regimes’ annual reports.
Many shipowners are presently struggling with the implementation of individual ship’s monitoring plans (MP) so here is the latest information as guidance.
A call for the consistent application of the Civil Liability Convention (CLC) and Fund Conventions was made when the governing bodies of the International Oil Pollution Compensation (IOPC) Funds met in London on 24 and 25 April. BIMCO was represented as an observer delegation.
BIMCO has hosted a panel session on arbitration in Shanghai to discuss current issues such as the future of arbitration centres, the impact of BREXIT, the impact from the emergence of China as a leading shipping nation and much more.
Global economic activity is once again at the centre of attention as the shipping industry looks for guidance on the overall future demand.
Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.