16 June 2017
Preventing pest container contamination was one of the many items discussed at IMO’s Maritime Safety Committee (MSC 98). Cyber risk management, autonomous ships, security and adoption of amendments to mandatory instruments were also on the agenda.
02 June 2017
For the first time, IMO will discuss the maritime autonomous ships. The use of autonomous ships – or so-called unmanned ships - will create the need for a regulatory framework for such ships and their interaction and co-existence with manned ships.
29 September 2017
This week’s meeting of the Implementation of IMO Instrument (III) Sub-Committee was in general business as usual because no controversial issues were raised. The bulk of the meeting papers consisted of the different Port State Control (PSC) regimes’ annual reports.
22 August 2017
BIMCO is aware that fraudsters, previously mainly trying to trick owners into paying large amounts by way of “liner in costs”, have expanded their “business” into time charter. Owners should be vigilant and at all times ensure they know their counterpart.
05 May 2017
BIMCO continues to hear back from members on the issue of the Indian Service Tax.
20 January 2017
On 12 January the Indian Government issued notifications related to the payment of Service Tax.
31 August 2018
Seasonal measures introduced by Australia, New Zealand and Chile to combat marmorated stink bug risk.
15 August 2014
Some time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market. However, like other soon-to-arrive recoveries, the waiting time tends to increase as we approach the expected tipping point. This time around, global refinery throughput started the year strongly but entered a still running soft patch in May, high volumes but shorter hauls out of the US Gulf, and the steady inflow of new ships were part of the cocktail that prevented freight rates from taking off big time.
08 October 2015
All eyes are on China in recent months as most other non-Chinese economic indicators have been dwarfed by the government’s actions and markets’ reactions. It is all of the things that we don’t know about the Chinese economy that is worrying, not the fact that the economy is in a transition phase which inevitably will drive down GDP growth and change import and export patterns.
20 January 2015
Limited economic growth potential and the slow pace of recovery of the global economy is only easing the pain in the global shipping industry to some degree...