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MEPC reaffirms that early movers of ballast water systems are not penalised

07 July 2017

MEPC 71 progressed in ensuring smoother implementation of the ballast water convention. One of the achievements was reaffirming the agreement regarding the provisions for non-penalisation of early movers that have installed ballast water management systems according to G8 guidelines.

COVID-19 affecting new inventory of hazardous materials requirements in December

29 April 2020

From 31 December 2020, all ships of 500 GT and above – regardless of the flag they are flying – will be required to carry an inventory of hazardous materials (IHM) when calling a port or anchorage of a country that is a member of the European Union (EU) or European Economic Area (EEA). Failure to do so may result in penalisation.

Ballast Water Management - the deadline 080917 is approaching

25 July 2017

The International Maritime Organization's Convention for the Control and Management of Ships' Ballast Water and Sediments (BWM) enters into force 8 September 2017. Under the Convention, all ships in international trade are required to manage their ballast water and sediments in accordance with an approved ship-specific ballast water management plan. All ships will also have to carry a ballast water record book and an international ballast water management certificate.

Container Shipping

17 December 2009

Still a long way to go before demand catches up with the massive amount of tonnage. Demand: Generally speaking demand is still pretty sluggish, but having said that, the future trends have already arrived. Intra-Asia trade is set to be where the volume growth is going to be strong.

Macro Economics: Uncertainty in Asia echoes around the world

22 January 2016

2016 continues where 2015 ended, with all eyes on China. This is mainly because of uncertainty surrounding the development of the world’s second-largest economy. When the first day of the Shanghai Stock Exchange of 2016 closed prematurely, the trading results echoed around the world. It warned us that we are in for a rough ride in 2016.