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A new Concentrated Inspection Campaign (CIC) to check on safety of navigation, including Electronic Chart Display Information Systems (ECDIS) will be conducted jointly by Paris and Tokyo MoUs. Paris MoU issues new White, Grey and Black lists issued effective from 1 July 2017.
In recent weeks reports about floating storage have featured in the international press. In the 2nd half of April Reuters reported that oil held in tanker floating storage reached at least 160 millio barrels, including 60 VLCCs, up massively from levels witnessed just a couple of months ago. The weekly tanker market report by Gibson Shipbrokers.
This annual report records the lowest number of incidents reported since 1998 although within the reported incidents there is a 10 year high in the number of seafarer kidnappings.
Prices across the Indian sub-continent ship recycling markets continue their impressive upward trajectory this week, as end Buyers press on for any available tonnage, at levels well above USD 600/LT LDT, especially in the case of Bangladesh and a now firming Pakistani market. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Paris and Tokyo MoUs jointly announce the "Concentrated Inspection Campaign for Safety on Navigation" and issue an important questionnaire for the campaign.
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by. We put all the thoughts in a magazine. This year is no different, and a range of BIMCO people have written their opinions on what the new year will bring.
BIMCO is a founding member of the Future International Trade Alliance to facilitate acceptance and adoption of electronic bills of lading. We see this as helping to accelerate the digitalisation of global trade.
The new presence in Brussels comes soon after the opening of the Houston office in Texas to serve the Americas.