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TOWHIRE is an ocean towage agreement on a daily hire basis. It is not intended for use in port towing. The latest edition of this contract is TOWHIRE 2021. Copyright in TOWHIRE 2021 is held by BIMCO.
As we are heading towards the end of 2021, it is evident that the industry has been anything but quiet, with the number of deals surfacing during the past weeks highlighting that the appetite for container and gas carrier units has not slowed down. The newbuilding market activity was in line with the course that we have been witnessing since the start of the year. Crude carrier units were missing for another week while LNG and container deals were present as always despite the increasing newbuilding prices.
A healthy number of newbuilding orders continues to surface on a weekly basis, with buyers‘ interest being divided across all sectors last week. The Ultramax units have been extremely popular among the dry bulk sectors with a total of 33 units being ordered during the 2H of 2021 The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
Informing members of the closure of BIMCO Ice Reporting Season for 2020/2021.
Following the strong volumes of newbuilding contracts that we have been witnessing since the beginning of 2021, shipbuilding activity was significantly softer last week, with non-conventional units monopolizing the owner’s interest. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
The purpose of the Electronic Signature Clause 2021 is to enable the parties to a contract to sign the contract, and any documents to be signed in connection with it, electronically. The clause can be used in any type of contract.
The brown marmorated stink bug (BMSB) season 2021-2022 has begun on 1st September. BIMCO provides the measures for this season introduced by countries for ships arriving from targeted "BMSB" countries.
BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME – a time charter party for accommodation support vessels. Updates of BIMCO’s ocean towage agreements – TOWCON and TOWHIRE – have also been adopted along with a new edition of its charter party for hiring unmanned barges – BARGEHIRE.
