Archive for the ‘BIMCO’ Category

The BDI@1,043 whilst awaiting …Armageddon

The BDI@1,043 whilst awaiting …Armageddon
John Faraclas The BDI@1,043 whilst awaiting …Armageddon The BDI (Baltic Dry Index) continued its upwards mode and now reads 1,043 – plus 17 points since yesterday. The Geopolitics getting sour and BIMCO makes a splash at the Yacht Club of Greece. John Faraclas’ daily market brief recap: The Capes’...
May 14th, 2019 | Associations, BIMCO, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Markets, News, Sales and Purchases, Ship Demolitions, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Capes’ Market mirage amid growing Geopolitical mess

Capes’ Market mirage amid growing Geopolitical mess
John Faraclas Capes’ Market mirage amid growing Geopolitical mess The BDI (Baltic Dry Index) was up 20 points at 1,031 “thanks” to the unprecedented Capes’ surge. The Geopolitical situation contains to many dangerous issue which will soon prove detrimental for all; John Faraclas’ May Day Mayday...
May 1st, 2019 | BIMCO, Chartering, Dry Bulkcarriers, International Chamber of Shipping, Markets, Military, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More

Rising deliveries of Capesize ships pose a threat to the already fragile market balance

Rising deliveries of Capesize ships pose a threat to the already fragile market balance
Peter Sand Rising deliveries of Capesize ships pose a threat to the already fragile market balance Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January...
May 1st, 2019 | BIMCO, Dry Bulkcarriers, Markets, Reports | Read More

Meet BIMCO’s Chief Shipping Analyst in Rotterdam, the Netherlands

Meet BIMCO’s Chief Shipping Analyst in Rotterdam, the Netherlands
Peter Sand Meet BIMCO’s Chief Shipping Analyst in Rotterdam, the Netherlands BIMCO’s Chief Shipping Analyst will be participating at the TOC Europe in Rotterdam on 18 June 2019. Peter Sand will discuss the outlook for the dry bulk market in 2019 and beyond. This session is part of the Bulk Exhibition...
April 24th, 2019 | Associations, BIMCO, Events, Conferences,Forums and Symposiums, Exhibitions | Read More

FONASBA celebrates 50th Anniversary

FONASBA celebrates 50th Anniversary
The Baltic Exchange FONASBA celebrates 50th Anniversary Fifty years ago today, on 23rd April 1969, delegates representing Belgium, Denmark, Finland, France, Great Britain, Greece, Italy, the Netherlands, Norway, Sweden and (as it was then) West Germany, met at the offices of Institute of Chartered Shipbrokers...
April 23rd, 2019 | Anniversaries, Associations, BIMCO, Chartering, Intercargo, Intertanko, Markets, News, Ports & Terminals, Ship Agencies | Read More

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row
Peter Sand US seaborne crude oil exports hit record high for fifth month in a row US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from...
April 9th, 2019 | Associations, BIMCO, Markets, Oil Industry, Reports, Statistics, Tankers, Trade and Commerce | Read More

Macro Macchiato 08/04/19: There’s No Such Thing As A Good Forecast

Macro Macchiato 08/04/19: There’s No Such Thing As A Good Forecast
.  Macro Macchiato 08/04/19: There’s No Such Thing As A Good Forecast After 25 years as a professional forecaster, IMO 2020 shows me that a lesson I learned very early on still applies… In 1999 I completed my MSc in Operational Research, having gone back to college part time because, with...
April 8th, 2019 | BIMCO, Events, Conferences,Forums and Symposiums | Read More

The Asian Century and Shipping (Macro Macchiato 01/04/19)

The Asian Century and Shipping (Macro Macchiato 01/04/19)
Mark Williams The Asian Century and Shipping I’ve been spending some time thinking about the longer term changes to our industry which are based on the rise of the emerging markets to a position of dominance in the global economy and in our industry. I wrote in our Macro Macchiato about how the BRICs...
April 1st, 2019 | BIMCO, Events, Conferences,Forums and Symposiums | Read More

Vigilance essential despite reduction to piracy High Risk Area in the Indian Ocean

Vigilance essential despite reduction to piracy High Risk Area in the Indian Ocean
Vigilance essential despite reduction to piracy High Risk Area in the Indian Ocean The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean...
March 8th, 2019 | Associations, BIMCO, Intercargo, International Chamber of Shipping, Intertanko, Piracy and Terrorism | Read More

2020 Fuel Transition Clause for Time Charter Parties

2020 Fuel Transition Clause for Time Charter Parties
Marcus Dodds, partner, London At a Glance… BIMCO has last week released its two eagerly awaited standard clauses (the ‘2020 Marine Fuel Sulphur Content Clause for Time Charter Parties’ and the ‘2020 Fuel Transition Clause for Time Charter Parties’). Both are intended to address the International...
December 21st, 2018 | BIMCO, Bunkering, Chartering, Legal, Markets | Read More

HFW helps BIMCO draft first cyber security clause

HFW helps BIMCO draft first cyber security clause
William MacLachlan, senior associate, HFW Global, sector-focused law firm HFW has helped shipping association BIMCO draft its first cyber security clause. The new clause, which is designed for use in a broad range of contracts, is due to be published in May 2019.  It requires parties to have plans and...
December 3rd, 2018 | BIMCO, Legal, News, Safety and Security | Read More

Palau lines up with BIMCO

Palau lines up with BIMCO
Panos Kirnidis The world’s fastest growing ship registry has now joined more than 2,000 other maritime professionals by becoming the latest associate member of BIMCO – The Baltic and International Maritime Council. Palau International Ship Registry (PISR) is the latest registry to join the world’s...
November 9th, 2018 | BIMCO, Flags | Read More

HFW helps BIMCO draft first 2020 Bunker Clause

HFW helps  BIMCO draft first 2020 Bunker Clause
Paul Dean, Head of Offshore, HFW Global, sector-focused law firm HFW has helped shipping association BIMCO draft its first clause relating to the International Maritime Organization’s 2020 sulphur emission rules. The new clause, focused on compliance, has been fast-tracked and may be published...
September 27th, 2018 | Associations, BIMCO, Bunkering, Emissions, Environment, Legal, News, Pollution | Read More

BIMCO ECSA leadership meeting in Athens

BIMCO ECSA leadership meeting in Athens
Anastasios Papagianopoulos The BIMCO President, Mr Anastasios Papagiannopoulos and ECSA President, Mr Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally and in Europe respectively. “ECSA...
August 3rd, 2018 | Associations, BIMCO, Events, Conferences,Forums and Symposiums, News | Read More

BLOC announces consortium for blockchain in bunkering with Lloyd’s Register, BIMCO, Precious Shipping, Bostomar, IBIA, and GoodFuels

BLOC announces consortium for blockchain in bunkering with Lloyd’s Register, BIMCO, Precious Shipping, Bostomar, IBIA, and GoodFuels
Image by Igor Grochev/Shutterstock.comBlockchain technology set to increase in transparency and traceability in marine fuel supply chain. Consortium will demonstrate the application of blockchain as a means of facilitating an increase in transparency and traceability in marine fuel supply chain as part...
July 26th, 2018 | Associations, BIMCO, Bunkering, Corruption, News, Ports & Terminals | Read More

IMO Member States Must Progress on Key Sulphur Cap Issues at Critical Meeting in July

IMO Member States Must Progress on Key Sulphur Cap Issues at Critical Meeting in July
The shipping industry – as represented by its international trade associations (BIMCO, ICS, INTERCARGO, INTERTANKO and WSC) – calls on the Member States of the International Maritime Organization (IMO) to make progress on key challenges around the global sulphur cap to avoid compromising...
June 18th, 2018 | BIMCO, Intercargo, International Chamber of Shipping | Read More

Cross industry group sets new standard with revised bunker contract

Cross industry group sets new standard with revised bunker contract
The BIMCO Documentary Committee meeting in progress, BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities...
May 3rd, 2018 | BIMCO, Bunkering, Conferences, Seminars, Forums, News | Read More

New Bunker Terms will boost harmonisation

New Bunker Terms will boost harmonisation
Francis Sarre, Chairman of the BIMCO Documentary Committee BIMCO’s Documentary Committee is expected to adopt a new version of the standard contract Bunker Terms in New York on May 2. The Bunker Terms 2018 have been drafted by representatives from across the bunker industry. It is a balanced...
April 25th, 2018 | BIMCO, Bunkering | Read More

BIMCO applauds new IMO emissions-strategy

BIMCO applauds new IMO emissions-strategy
ars Robert Pedersen, BIMCO Deputy Secretary General ​ “The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look...
April 13th, 2018 | Associations, BIMCO, Emissions, Environment | Read More

BIMCO relaunch ship benchmarking system

BIMCO relaunch ship benchmarking system
Şadan Kaptanoğlu, owner of Kaptanoğlu Group, President Designate of BIMCO and chair of the Shipping KPI steering group. BIMCO relaunches ship benchmarking system Shipping KPI after two years of redesign. The system helps shipowners and managers make strategic decisions about their fleet. “The...
February 23rd, 2018 | BIMCO, News | Read More

Yemen Conflict Forces new security recommendations

Yemen Conflict Forces new security recommendations
Angus Frew, BIMCO’s CEO In response to the threats arising from the conflict in Yemen, BIMCO, ICS and INTERTANKO have published interim guidance on maritime security in the southern Red Sea and Bab al-Mandeb. Shipowners and operators should be aware of new threat patterns in the area. The European...
January 24th, 2018 | Associations, BIMCO, International Chamber of Shipping, Intertanko, Safety and Security | Read More

Environmental Organisations and Shipping industry call for carriage ban on non-compliant fuel

Environmental Organisations and Shipping industry call for carriage ban on non-compliant fuel
Leading environmental organizations and the global shipping industry have joined in calling for an explicit prohibition on the carriage of non-compliant marine fuels when the global 0.5% sulphur cap takes effect in 2020. IMO has agreed that from 1st January 2020 the maximum permitted sulphur content...
January 22nd, 2018 | Associations, BIMCO, Bunkering, Climate, Emissions, Environment, International Chamber of Shipping, Intertanko | Read More

BIMCO launches new innovative contract editing solution

BIMCO launches new innovative  contract editing solution
Grant Hunter Head of Contracts and Clauses at BIMCO BIMCO has taken a big step forward and launched an innovative new solution for editing contracts. The solution is called SmartCon, and it makes contractual work easier and more secure. The product was launched at an event in Singapore today (Thursday...
January 18th, 2018 | BIMCO, Chartering, Fixtures, Insight, Markets | Read More

BIMCO and CIRM propose software maintenance standard for shipping

BIMCO and CIRM propose software maintenance  standard for shipping
Richard Doherty from CIRM (left) and Aron Frank Sørensen from BIMCO (right) congratulate each other after finalizing the Standard on Software Maintenance of Shipboard Equipment text. BIMCO and the international association for the marine electronics industry, CIRM (Comité International Radio-Maritime),...
December 14th, 2017 | Associations, BIMCO, IMO, IT and Communications, Marine Equipment Products and Services, Technical, Technology | Read More

New BARECON 2017 calculates future trends

New BARECON 2017 calculates future trends
Grant Hunter  BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering. The new leaner version of the contract, introduces a formula for calculating a fair share of costs for any compulsory structural changes or new equipment that may be implemented...
December 13th, 2017 | Associations, BIMCO, Chartering, News | Read More