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Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the Covid-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year.
Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis.
The IMO’s Maritime Safety Committee (MSC) considered the ongoing scoping exercise to identify affected IMO regulations by Maritime Autonomous Surface Ships (MASS) at its 101st session in which the Maritime Technology & Regulation and Security departments represented BIMCO.
BIMCO has been informed by members in Algeria that VAT is now payable on services supplied to ships.
BIMCO and INTERTANKO have jointly published Q&As addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be reviewed for both time and voyage charter parties.
In a clear sign of industry support for BIMCO’s initiative to develop a new ship sale and purchase agreement, the organisation has received over 800 individual comments on its consultation draft, which will shape the final version of the agreement.
In a clear sign of industry support for BIMCO’s initiative to develop a new ship sale and purchase agreement, the organisation has received over 800 individual comments on its consultation draft, which will shape the final version of the agreement.
