Vigilance still crucial as piracy High Risk Area in the Indian Ocean reduced 08 October 2015 Organisations representing the global shipping and oil industry have announced that the size of the ‘High Risk Area’ for piracy in the Indian Ocean has been reduced and issued new advice to merchant ship operators. Press release Priority news Security Piracy
Company in India falsely acting on behalf of BIMCO 04 September 2019 BIMCO has been made aware of a company in India named Grand Shipping & Trading Company who is presenting themselves as a company facilitating BIMCO memberships. News story Priority news Fraud
Loading of iron fines from India - new procedures issued 11 July 2017 The Mercantile Marine department of the Ministry of Shipping, India issues new procedures and check list documents for the loading of iron ore fines. News story Cargo IMSBC Code group A Solid bulk cargo India
Somali Piracy: Indian Ocean High Risk Area revision effective 1 May 2019 11 March 2019 The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean have been reduced, with new advice issued to merchant ship operators. News story Security Somalia Red Sea Indian Ocean Gulf of Aden Arabian_Sea
Indian service tax - update 5 May 05 May 2017 BIMCO continues to hear back from members on the issue of the Indian Service Tax. News story Ports Taxes and tariffs India
Indian service tax change imposed affecting owners and operators of ships calling India to discharge 20 January 2017 On 12 January the Indian Government issued notifications related to the payment of Service Tax. News story Ports Taxes and tariffs India
Demolition report dated 8 March 2019 11 March 2019 Contrary to the levels at which some of the sales registered this week, local markets actually witnessed a slump in prices and sentiments, as Bangladesh continues to run out of room and local steel plate prices slid throughout the tail-end of the working week in India. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type. Market reports Demolition reports
Demolition report dated 16 August 2019 19 August 2019 Prices across the subcontinent markets have been rocked by the shocking deterioration of local steel plate prices & currencies (especially in India) and the immediate / short term outlook for the various recycling markets certainly seems grim. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type. Market reports Demolition reports
Demolition report dated 13 September 2019 17 September 2019 Despite the fourth quarter of the year being well under way, it has been surprising to see the Indian subcontinent markets still stuck in the ongoing doldrums. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type. Market reports Demolition reports
Demolition report dated 29 March 2019 01 April 2019 After a frantic period of activity through most of March, sales have somewhat slowed this week. Surprisingly, India lost several high profile HKC SoC vessels for green recycling last week, to the only RINA approved yard in Bangladesh. However, given that this yard has taken in its quota, India has managed to get back into the buying this week, with a few interesting (market and private) green recycling sales The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type. Market reports Demolition reports
