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Şadan Kaptanoğlu, managing director of HI Kaptanoglu Shipping, was elected President of BIMCO – the world’s largest shipping association – at its General Meeting in Athens on Tuesday 14 May.
Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows.
Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.
Shipowners have a role to play, and responsibility to take, in the transitional period before the Hong Kong Convention enters into force. In this context BIMCO recommends to its members to use facilities that live up to requirements of the Hong Kong Convention already before its entry into force.
BIMCO has hosted a panel session on arbitration in Shanghai to discuss current issues such as the future of arbitration centres, the impact of BREXIT, the impact from the emergence of China as a leading shipping nation and much more.
With the majority of ship operators expected to choose low-sulphur fuel over scrubbers to comply with the new IMO sulphur cap regulation, all eyes are on fuel suppliers and whether they can provide what the industry needs.
CAPESIZE: Despite holidays in China and Hong Kong, rates continued to strengthen from West Australia to China with rates rising sharply and many suggesting further gains Tuesday. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.