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The dissolution of the cartel has seen prices shoot up in Bangladesh over this past week – perhaps to an irrational and somewhat speculative degree, as local levels cooled off towards the end of the week, in conjunction with declining local steel plate prices. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As the crisis in Ukraine escalates, so does the global turmoil. More and more companies are exiting Russia and further international sanctions are being placed. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Hamburg, Germany is the next stop in our series of BIMCO Shipping KPI relaunch events. Register now for this free event being held on Tuesday 24/04/2018.
The second set of amendments made to the Maritime Labour Convention, 2006 (MLC) relates to tackling situations arising out of harassment and bullying on board ships and the extension of the validity of the MLC in cases where a new certificate cannot be issued immediately after a renewal inspection has taken place.
A new Bauxite circular warning about a new hazard of these cargoes relating to moisture has been issued by the IMO following the meeting held by its Sub-committee on the Carriage of Cargoes and Containers (CCC) last week. This new IMO bauxite circular supersedes CCC.1/Circ.2 and issues new guidance on the carriage of bauxite cargoes.
Providing an explanation of how the four-digit Baltic Ice Code is interpreted.
Bauxite cargoes are problematic cargoes capable of experiencing severe liquefaction which unknown at that time, was actually dynamic separation, a phenomenon discovered based on the outcome of the work of the Global Bauxite Working Group. These cargoes will experience dynamic separation, if they are not carried in accordance with the requirements of the International Maritime Solid Bulk Cargoes ( IMSBC) Code. Providing the relevant guidance here to guide members accordingly.