04 September 2019
BIMCO has been made aware of a company in India named Grand Shipping & Trading Company who is presenting themselves as a company facilitating BIMCO memberships.
08 October 2015
Organisations representing the global shipping and oil industry have announced that the size of the ‘High Risk Area’ for piracy in the Indian Ocean has been reduced and issued new advice to merchant ship operators.
11 March 2019
The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean have been reduced, with new advice issued to merchant ship operators.
11 July 2017
The Mercantile Marine department of the Ministry of Shipping, India issues new procedures and check list documents for the loading of iron ore fines.
20 January 2017
On 12 January the Indian Government issued notifications related to the payment of Service Tax.
05 May 2017
BIMCO continues to hear back from members on the issue of the Indian Service Tax.
20 March 2020
The Tokyo and Indian MOU have issued press releases providing guidance on how extensions can be granted in relation to port state control inspection carried out on ships.
12 September 2016
29 October 2018
India, along with China has long been revered as a key driver of world oil demand growth. However, higher crude prices and a weaker rupee have seen domestic fuel prices surge. Now, with sanctions imminent against one of India’s largest suppliers, consumers could see further price rises which may impact on their purchasing power. This begs the question; can the crude market really rely on India to drive demand over the coming years in a higher price environment?
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
18 February 2020
After a rather positive start to the year (particularly for the rampant Indian market), subcontinent fundamentals have been reflecting weakened global shipping sentiments as declining steel plate prices and a diminishing demand on the back of a massive supply of vessels has suddenly ushered markets into negative territory.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.