With the announcement that Pakistan is acceding to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC), all major ship recycling States have now become a Party to IMO’s HKC.
BIMCO's Chief Shipping Analyst looks at the shipping number of the week. This week: Indonesia blocks exports from 48 coal miners
BIMCO's Chief Shipping Analyst looks at the shipping number of the week. This week: crude oil tonne miles out of the Gulf of Guinea
Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.
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Global economic growth is estimated to have been 3.1% in 2023. The International Monetary Fund (IMF) projects that growth in 2024 and 2025 will end up at 3.1% and 3.2% respectively. The IMF forecasts slower growth for both 2024 and 2025 in the US, China, Japan and India compared to 2023. On the oth... Please follow the link to continue reading.
Houthi attacks on ships in the Red Sea continue and many shipowners therefore continue to avoid the area. As no resolution to the conflict is in sight, we assume that the attacks may impact shipping throughout 2024 and that ships may be able to return to normal routings in 2025. According to the In... Please follow the link to continue reading.
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BIMCO has revised its EU Advance Cargo Declaration Clauses for Voyage and Time Charter Parties first issued 2011. Background The EU Advance Cargo Declaration Clauses were drafted to meet the requirements of the new European Union customs legislation that came into force on 1 January 2011 – the EU Ad... Please follow the link to continue reading.
