03 January 2017
The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.
22 December 2016
This analysis explains the recent history, updates you on the current state and displays future changes for crude oil tankers.
14 December 2016
Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen yesterday.
01 October 2015
Peter talks to Gibraltar Shipping providing more insight on his role and views on current shipping trends.
11 September 2015
28 April 2015
Following today’s vote in the European Parliament, adopting a regional EU Regulation on the Monitoring, Reporting and Verification (MRV) of individual ship emissions of CO2, the International Chamber of Shipping (ICS), BIMCO and Intercargo have issued the following statement...
28 April 2015
The new agreement is designed to meet the contractual needs of small to medium sized shippers, which, despite the large number and global value of the shipments they transport, often lack the legal resources to develop their own agreements with carriers.
26 November 2014
Foreign vessels operating in United States waters are subject to inspection under Title 46 of the United States Code (U.S.C.) Chapter 33. Reciprocity is accorded to vessels of countries that are parties to the International Convention for the Safety of Life at Sea (SOLAS). In addition, certain provisions of the pollution prevention and navigation safety regulations (33 Code of Federal Regulations (CFR) 154-156 and 164, respectively) apply to foreign vessels operating in the United States waters.
10 April 2014
12 February 2014
A Winter season that turned the market upside down is soon coming to an end. All eyes were on product tankers, thinking “would this be the beginning of something beautiful in terms of higher earnings?” No one really paid much attention to what was already in the making in the crude oil tanker sector.