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As the Coronavirus pandemic (COVID-19) continues to spread across different parts of the world, BIMCO is opening the port information section on its website with the aim to assist the industry.
Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared.
Carbon capture and storage (CCS) is not a novel concept. Many of the early facilities were developed to be a direct source capture from power generation or gas processing plants with CO2 storage sites nearby (with first operations dating back to 1972!). The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
With the collapse of the OPEC talks last week, the spiraling down of the crude prices and the ever-developing coronavirus pandemic you could you say ‘Life is like a box of chocolates. The weekly tanker market report by Gibson Shipbrokers.
Providing members with the latest information on measures taken by various countries to combat this Coronavirus (COVID-19) outbreak that could impact sea transport. The page might be updated several times per day, so please check back for the most recent information. BIMCO is closely monitoring the Coronavirus (COVID-19) situation on a global basis and will attempt to keep members updated on measures implemented by various countries to combat this outbreak which could impact sea transport. Feedback or a question about this information? Contact marinfo@bimco.org
BIMCO is providing members, quick and practical guidance on how to handle the COVID-19 outbreak.
Just over two weeks ago China imposed a lockdown in Wuhan and other cities in Hubei province in an effort to contain the spread of the deadly coronavirus outbreak. The weekly tanker market report by Gibson Shipbrokers.
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 27 November 2020
Capesize: The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
SALEFORM 2012 has now been used for some years, and the industry has accumulated some experience in using this contract. The one-day seminar examines key elements of SALEFORM 2012.
