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Dry cargo fixture and market reports dated 1 October 2018

02 October 2018

CAPESIZE: Despite holidays in China and Hong Kong, rates continued to strengthen from West Australia to China with rates rising sharply and many suggesting further gains Tuesday. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize. 

Demolition report dated 22 November 2019

27 November 2019

The big news this week centered around the decisive steps taken by the Indian government, to approve the implementation of the ‘Recycling of Ships Bill, 2019’ and accession to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

BIMCO's advice on ship recycling

28 October 2020

Shipowners have a role to play, and responsibility to take, in the transitional period before the Hong Kong Convention enters into force. In this context BIMCO recommends to its members to use facilities that live up to requirements of the Hong Kong Convention already before its entry into force.

New BIMCO Law & Arbitration clause will clarify arbitration processes

26 June 2020

If a contractual dispute escalates and one of the parties want to involve arbitrators, it is essential that notices of commencement of proceedings and the appointment of arbitrators are properly served to the right people. BIMCO’s new Law & Arbitration Clause will address these issues with a provision requiring parties to a contract to clearly identify who are authorised to receive arbitration notices and communication.