25 June 2018
It has been three years since the Chinese government first allowed the independent refineries to directly purchase crude oil on the open market, provided they met certain conditions. At the beginning, eleven independents were licenced to import just over 49 million barrels of crude in the first year of operation. By 2018, the government, as part of their aim to tackle environmental issues, announced even tighter regulations and taxation on the independent refiners and blenders in an effort to weed out small operations and deal with tax evading players.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
19 June 2018
BIMCO and Fairplay are encouraging members to participate in a survey that will result in greater awareness on how the industry prepares for and handles cyber attacks.
08 June 2018
BIMCO is helping the industry raise its voice against maritime corruption and supports initiatives that help fight unfair trade.
08 June 2018
As the shipping sector strives for efficiency, BIMCO has provided input at the International Maritime Organisation (IMO) in a bid to facilitate the harmonisation of data ahead of the April 2019 deadline when new mandatory requirements come into force for automated ship reporting.
08 June 2018
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 May report is also provided.
07 June 2018
China Customs issued its Order (No.56) back in 21st November 2017 with a view to regulate all inbound/outbound manifest from 1st June 2018. Any violation in manifest filing may cause vessel’s delay as well as carrier’s penalty according to the “The Implementation Ordinance of Administrative Penalty of the Customs of the People's Republic of China”.
25 May 2018
Revised emergency response procedures for ships carrying dangerous goods was one of the many items discussed at IMO’s Maritime Safety Committee (MSC 99). Autonomous ships, security and adoption of amendments to mandatory instruments were also on the agenda.
22 May 2018
15 May 2018
For the first time, IMO will discuss the maritime autonomous ships. The use of autonomous ships – or so-called unmanned ships - will create the need for a regulatory framework for such ships and their interaction and co-existence with manned ships.
08 May 2018
When two of the world’s top trading partners, get entangled in a stand-off, where the outbreak of a trade war could become the extended tool of intense negotiations, we’d better prepare for what may come. While hoping that it will never take place.