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BIMCO is developing its own standard Memorandum of Agreement (MOA) for ship sale and purchase (S&P). The new BIMCO MOA is rapidly taking shape after just three meetings of the expert group, the most recent at the offices of Louis Dreyfus in Paris on 27 January.
This year’s events have been dominated by the Russian invasion of Ukraine, the resulting international sanctions, and the far-reaching consequences for the global economy. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In line with previous years, BIMCO continue to work with Oceans Beyond Piracy (OBP) in their effort to uncover the economic and human costs of piracy. With this year’s report, “The State of Maritime Piracy 2013” BIMCO has once again been asked to audit the methodologies and calculations used in the report.