BIMCO, ICS, INTERCARGO, INTERTANKO and OCIMF warns that as the dry season approaches and sea conditions abate, an increase in attacks in the Gulf of Guinea has traditionally been seen, so maritime security risks to vessels operating in the

From 31 December 2020, the European Unions Ship Recycling Regulations (EUSRR) will require ships of 500 GT and above flying the flag of countries in the European Union (EU), and all other ships regardless of the flag, to carry an inventory

Voyage charter parties oblige the ship to proceed with utmost or due despatch, but the principle of JIT runs contrary to this by introducing an option to reduce passage speed. This means that a clause is required to allow the parties to dep

The World Maritime Organization (IMO) has adopted a two-tier strategy aimed for a drastic reduction of greenhouse gas (GHG) emissions from international shipping. The initial target obliges ships to cut their average fuel cost by 40% by 203

The amendment to the IBC Code in particular is very comprehensive and as a consequence, a new Certificate of Fitness (CoF) for a vessel must be issued and be on board at the latest on 1 January 2021. On that date, the new Certificate of Fit

Crude Oil Price Movements Spot crude prices settled significantly lower in September, after four consecutive months of gains. The OPEC Reference Basket (ORB) fell by $3.65, or 8.1% m-o-m, to $41.54/b, while the year-to-date averaged $40.62/

Christian Hoppe, BIMCOs General Counsel, talked to some of the members of the committee drafting SHIPLEASE Nick Fell of BW Group, who chaired the committee, Wilson Liu of Minsheng Financial Leasing Co., Shen Zhao of CSIC Leasing Co. and Mat

This is BIMCOs 2nd news piece reporting on new developments affecting the IMSBC Code. Today, we focus on bauxite cargoes and the new criteria distinguishing a bauxite cargo that may liquefy (Group A) from one that will not (Group C). The wo

The London PI Club is delighted to announce its membership of the International Seafarers Welfare and Assistance Network (ISWAN). ISWAN is a network of international organisations committed to improving the welfare of seafarers. Through ISW

BIMCOs Board of Directors has pointed to Nick Fell, Executive Vice President Corporate Services General Counsel at BW Group in Singapore, to take up the role as chairperson of BIMCOs Documentary Committee in summer 2021. Nick Fell is set to

This year, the Indian Register of Shipping (IRClass) marks 10 years of full membership of the International Association of Classification Societies. Having been an associate member since 1991, IRClass became a full member in 2010 and has ac

On 24 September, IMO and the global maritime community came together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. 2020 saw everyone across the globe affected by the COVID-19 pa

On the occasion of the World Maritime Day 2020, INTERCARGO joins the IMO and the shipping industry in promoting Sustainable shipping for a sustainable planet. International shipping is vital for the p rosperity of people all over the world

On World Maritime Day Guy Platten, the Secretary General of the International Chamber of Shipping (ICS), stated that the number of seafarers affected by the ongoing crew change crisis could soon reach one million, with major consequences fo

On World Maritime Day, with hundreds of thousands of seafarers still stranded at sea, I think now is the time to address shippings inability to consistently shape and direct policies that impact our ability to conduct business safely and ef