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IACS has revised Recommendation 46 "BULK CARRIERS– Guidance and Information on Bulk Cargo Loading and Discharging to Reduce the Likelihood of Over-stressing the Hull Structure" in July 2018.
BIMCO’s Chief Shipping Analyst, Peter Sand, will be participating at the 18 th edition of Trans Pacific Maritime on 4-7 March 2018 in Long Beach, California.
Ship conversion projects range from small scale modifications to full scale conversions when, for example, a ship is converted for a whole new purpose. CONVERSIONCON is designed to be scalable for both small and large projects. This is achieved using annexes and industry-familiar clauses that are found in BIMCO’s forms for shipbuilding and ship repairs – NEWBUILDCON and REPAIRCON 2018.
As the shipping industry evolves by shifting towards the use of alternative fuels that will be more sustainable in the future, BIMCO publishes the first of many more supply terms addressing this issue. The LNG Bunker Terms are now available for use as a simple Annex B to the existing BIMCO Bunker Terms 2018.
IACS has revised Recommendation 74 "Guide to managing maintenance in accordance with the requirements of the ISM Code" in August 2018
2018 has been absolutely horrible for the crude oil tankers with freight rates and the fleet utilisation rate falling to a record low level.
A Year of Pain? 2018 looks set to be another painful period for tanker owners, with a continued wave of new tonnage and potentially challenging demand conditions. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA March report is also provided.
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.
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