Dry cargo market report dated 17 November 2023
20 November 2023Capesize: The week commenced with a subdued market due to Singapore's Diwali holiday.
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Capesize: The week commenced with a subdued market due to Singapore's Diwali holiday.
An extremely productive 2023 and a big agenda in place for 2024 By Nick Fell, Chairperson of the Documentary Committee
Capesize: The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way.
The BIMCO Documentary Committee (DC) will be meeting on 11 October. The agenda includes six projects up for adoption: CII Clause for Voyage Charter Parties, Ship Sales Further Trading Clause, ETS Allowances (ETS) Clause for SHIPMAN, Quiet Enjoyment Letters, SYNACOMEX and WRECKSTAGE.
The USCG recently published Navigation and Vessel Inspection Circular (NVIC) 01-18, “Ballast Water Management For Control Of Non-Indigenous Species In Waters Of The United States.” Further to the NVIC 01-18 have the USCG published guidance on the NVIC 01-18 regarding requests for compliance extensions.
BIMCO’s Immediate Past President and Kaptanoglu group CEO, Sadan Kaptanoglu, believes that the industry must find international consensus on the path to decarbonisation and take action on diversity.
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA July report is also provided.
The IMO Sub-committee for the Carriage of Cargoes and Containers (CCC) succeeded in finalising the carriage requirements for bauxite cargoes based on GBWG's bauxite research, paving the way for safe carriage of these cargoes.
Argentinian FCSM ( formerly known as Asian Gypsy Moth/AGM) regulations are under the auspices of the Argentinian National Service of Agri-Food Health and Quality (SENASA). Asian Gypsy Moth (AGM) has been changed to Flighted Spongy Moth Complex (FSMC) due to change of name effected in 2022.