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BIMCO attended the 5th session of the International Maritime Organization (IMO)’s Sub-Committee on Carriage of Cargoes and Containers (CCC 5) to further develop the International Code of Safety for Ships using Gases or other Low-flashpoint Fuels.
It was another incredibly firm showing from the sub-continent markets this week, particularly Bangladesh and even a recently resurgent India (who now seem to be competing even more on tonnage), whilst Pakistan misses out on units once again, largely behind on the numbers due to local concerns surrounding the impact of the ongoing war in Ukraine. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
On 5th December 2019, BIMCO held a one-hour long webinar session on the IMSBC Code, highlighting the difficulties that shipowners encounter when they are transporting solid bulk cargoes, together with some BIMCO recommendations put forward that could help improve the situation.
Up to now, 2020 has proven to be one of the most challenging years for the shipbuilding industry, with hopes for a substantial recovery in newbuilding volumes remaining reserved for the foreseeable future. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
The 2018 amendments to the Maritime Labour Convention, 2006, as amended ( MLC,2006) will enter into force on 26 December 2020. BIMCO advises on what these amendments are and how shipowners/ managers/ operators can achieve compliance accordingly.
Some advice in respect of the new wood pellet entries in the IMSBC Code, Amendment 03-15 (2016 Edition) based on a recent enquiry from a member.
The dissolution of the cartel has seen prices shoot up in Bangladesh over this past week – perhaps to an irrational and somewhat speculative degree, as local levels cooled off towards the end of the week, in conjunction with declining local steel plate prices. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As the crisis in Ukraine escalates, so does the global turmoil. More and more companies are exiting Russia and further international sanctions are being placed. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
