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ASBATANKVOY, one of the most widely used tanker charter parties in the world, will form the basis when BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) begin to jointly develop a charter party specifically for use in the gas tanker trade.
BIMCO started reporting from 30 September 2020, a series of articles, informing members of what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. This is the 5th article in the series. Today, BIMCO reports on a new table of physical properties and hazard classification for cargo entries in the IMSBC Code.
During a visit to Bangladesh by Norwegian authorities, the Norwegian Shipping Association, the European Community Shipowners’ Association, the International Chamber of Shipping and BIMCO, between 8-11 May 2023, the Bangladesh Government confirmed that the country will ratify the Hong Kong Convention, allowing for the convention to enter into force.
The International Maritime Dangerous Goods (IMDG) Code, an important mandatory code for the shipment of dangerous packaged goods by sea, will be entering into its 41st amendment on 1 January 2024.
Chinese regulators have tightened its domestic emission control area regulation (DECA) which came into force on 1 January 2019.
The Libyan oil sector is no stranger to output disruptions but this week has seen the North African producer back in the spotlight, with Libya’s NOC declaring force majeure at the 300kbd Sharara oil field due to a resurgence in local protests over fuel prices and a reported lack of economic opportunities. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The International Maritime Organization (IMO), Bangladesh, and Liberia have announced the ratification of the Hong Kong Convention by both nations. BIMCO believes the ratification marks the beginning of a new era for the ship recycling industry. During the two-year interim period, ahead of the entry in force, BIMCO is calling on shipowners to choose globally compliant yards for the benefit of the industry’s workers and the environment.