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The Maritime Anti-Corruption Network (MACN) has launched a survey to obtain a better understanding of the possible link between the COVID-19 outbreak and corrupt demands faced by the shipping industry, and how such demands are affecting seafarers and vessel operations. BIMCO supports MACN’s efforts to fight corruption in shipping and is therefore encouraging members to respond to the survey.
Possible threat from explosive boats in the Southern Red Sea
BIMCO has launched its fourth industry film, calling for the urgent adoption of the Hong Kong International Convention for the safe and Environmentally Sound Recycling of Ships, and for ship owners to only choose yards that live up to the convention.
Whereas the slow pace of recovery of the global economy fails to ease the pain in the global shipping industry significantly, the “no increase of Suez Canal tolls” announcement by the Suez Canal Authorities is a welcome easing.
The team of cross-industry bunker experts tasked with reviewing BIMCO’s standard bunker contract has been expanded to include a major physical bunker supplier.
BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities – a key change that will lead to wider adoption of the contract.
