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The industry’s first ever standard ship conversion contract, CONVERSIONCON, complements BIMCO’s other ship repair and construction contracts. It is available for use on BIMCO SmartCon today.
This is a clause published by the International Group of P&I Clubs which has been endorsed by BIMCO.
The shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts.
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