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Newbuilding contracts should require use of Shipdex

21 December 2018

BIMCO and MAN Energy Solutions hosted a conference for software suppliers delivering Computerised Maintenance Management Systems (CMMS) to expand the use of Shipdex. Shipdex is the standard protocol for exchanging technical data - such as manuals – electronically between supplier and ships directly, cutting the need for huge stacks of - often outdated - paper manuals.

Standard Deposit Escrow Agreement for Ship Sale and Purchase

22 November 2017

The Standard Deposit Escrow Agreement for Ship Sale and Purchase is a contract for depositing money in connection with ship sale and purchase transaction. The latest edition of this contract is the Standard Deposit Escrow Agreement for Ship Sale and Purchase, issued in 2017. Copyright in the Standard Deposit Escrow Agreement for Ship Sale and Purchase is held by BIMCO.

SUPERMAN

17 October 2016

The Standard Agreement for the Supervision of Vessel Construction, codenamed SUPERMAN, clearly sets out a ship managers’ duties and obligations when providing supervision services to a newbuilding project. It is an agency based agreement whereby the supervisors act for and on behalf of the owners. SUPERMAN is modelled on SHIPMAN 2009 and includes the same structure of liability provisions. Payment is on a “cost plus fee” basis. The latest edition of this contract is SUPERMAN, issued in 2016. Copyright in SUPERMAN is held by BIMCO.

Newbuilding report dated 5 Novemeber 2019

08 November 2019

Healthy activity resumed in the newbuilding market, with recently reported orders revealing steady interest in the tanker sector and increased activity on the dry bulk side where orders have been focusing exclusively on sizes up to Kamsarmax. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.

Greek shipowners investing the most in newbuilding

03 June 2014

Greek shipowners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts. Since 2010, contracts made by owners in Greece total USD 51 billion, consistently dwarfing the likes of Norway and China as buyers.

Newbuilding report dated 28 May 2019

29 May 2019

Strong ordering resumes on the newbuilding front, with another generous round of freshly inked deals surfacing in the past days across all of the more conventional sectors, while the presence of Greek owners behind a good share of these contracts remains substantial and impressive. Among the list of orders below, the Ultramax one is the most notable, with the size having seen no action for more than a month and a half and Supramax/Ultramax orders down more than 30% year to date. Having said that, if the market does manage to retain its current stability and even improve during the second half of the year we do expect more action in the size given its overall healthy performance and lack of volatility as far as earnings are concerned.  The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.