DEMOLISHCON is a standard contract for the sale of ships for demolition and recycling. The latest edition of this contract is DEMOLISHCON, issued in 2001.
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BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
The following explanatory notes are designed to provide some background information on the clauses of the various parts of the contract and a general overview of the amendments made in this revision. PART I PART II Clause 1 (Outright Sale) Clause 2 (Purchase Price) Clause 3 (Deposit... Please follow the link to continue reading.
On 20 April, BIMCO's Documentary Committee held its spring meeting at BIMCO House in Copenhagen to consider ongoing projects and discuss strategy on the association's contractual work.
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: container ship deliveries hit new YTD record high
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The dry bulk fleet is expected to grow by 2.8% in 2023 and by 2.1% in 2024, as both deliveries and ship recycling remain low. However, supply is expected to grow by 0.5-1% less than the fleet in 2023 and in 2024, due to the impact of EEXI/CII regulations on sailing speed. The current orderbook st... Please follow the link to continue reading.
The dry bulk fleet is estimated to grow by 2.9% in 2023, 2.4% in 2024 and 2.0% in 2025. For 2023, supply is estimated to grow by 2-3%, affected by lower sailing speeds and lower congestion. In both 2024 and 2025, lower sailing speeds could cause supply to only grow by 1-2%. The order book currentl... Please follow the link to continue reading.
