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BIMCO’s Documentary Committee has discussed and approved a proposal to re-write GENCON’s Clause 2, which deals with owners’ liabilities. It is part of a major overhaul of the industry’s most widely used standard voyage charter party.
Join fellow members, industry contacts and members of the BIMCO team to celebrate the year and catch up with colleagues and friends old and new.
The BIMCO Documentary Committee (DC) will be meeting on 18 May – it will be the first physical meeting since the start of the pandemic. Four important projects are up for adoption: ETSA, the CII Compliance Clause, GENCON 22 and the IOCD Clause for Time Charter Parties.
Activity in the new building market was healthy last week with a couple of orders being materializing just before the close of the 2022 contracting book.
Heading towards the end of 2022, the momentum in the newbuilding market remains strong with a flurry of newbuilding deals materializing during the previous week.
January ended with the container units having the lions ‘share of the 2022 orderbook with a total of fifty boxships being ordered followed by thirteen LNG vessels, eleven bulk carriers, and only two MR2 tanker units. The same momentum is being witnessed in February as well, with containers almost monopolizing last week's newbuilding list.