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SUPERMAN

17 October 2016

The Standard Agreement for the Supervision of Vessel Construction, codenamed SUPERMAN, clearly sets out a ship managers’ duties and obligations when providing supervision services to a newbuilding project. It is an agency based agreement whereby the supervisors act for and on behalf of the owners. SUPERMAN is modelled on SHIPMAN 2009 and includes the same structure of liability provisions. Payment is on a “cost plus fee” basis. The latest edition of this contract is SUPERMAN, issued in 2016. Copyright in SUPERMAN is held by BIMCO.

Greek shipowners investing the most in newbuilding

03 June 2014

Greek shipowners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts. Since 2010, contracts made by owners in Greece total USD 51 billion, consistently dwarfing the likes of Norway and China as buyers.

IMO issues guidance for delays in newbuild vessel deliveries due to COVID-19

03 April 2020

The International Maritime Organization (IMO) has released guidance for cases when COVID-19 results in unforeseen delays in the delivery of newbuild bulk carriers and oil tankers originally scheduled to be delivered before 1 July 2020. The guidance is particularly relevant to shipbuilders, equipment suppliers, shipowners, surveyors and service engineers.