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China’s long-anticipated economic recovery is the missing link that can lead the rebound of the bulk market in 2023 and into 2024, and we expect the recovery to begin in the second half of 2023.
California has amended regulation in section 2298.5 in Article 4.8 of Title 2, Division 3 of Chapter 1 of the California Code of Regulations. The regulatory changes become effective on 1 January 2021. It changes the way ships should submit information through the Marine Invasive Species Program Annual Vessel Reporting Form.
Although risks remain, all indicators point to solid and sustained market strength not seen since the financial crisis hit in 2008.
Increasing ship deliveries and slowing volume growth will weaken supply/demand balance, possibly to levels not seen during the past ten years.
In the wake of recent high-profile frauds, building trust and transparency has become an urgent priority for the bulk shipping industry. Digitalisation is a key tool in achieving this goal, as it allows for the creation of multiple "golden sources" of data that promote end-to-end integrity – reducing the risk of fraud and driving sustainable growth. This article is by Oswald Kuyler, Chief Operating Officer at MonetaGo. See him at our webinar " Reducing fraud through digitalisation " on 9 May.
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 26 February 2021
The latest BIMCO digital Bulletin is now ready for you to read and enjoy.
An overview of the reports and analysis available to BIMCO members.
Amendment 06-21 to the International Maritime Solid Bulk Cargoes (IMSBC) Code will enter into mandatory force on 1 December 2023 putting into effect some major amendments.
Last week, BIMCO conducted three highly successful seminars on BIMCO’s recent GENCON 2022 voyage charter party for the dry bulk trade. The seminars , which took place Singapore, Seoul and Tokyo, were all very well attended with great engagement from a lively audience interested to know about BIMCO’s flagship contract in the dry bulk trade when it comes to voyage chartering. Almost 100 people attended the seminars in each of the three shipping centres.
