07 February 2017
Recently, China’s State Administration of Foreign Exchange (SAFE) has tightened up measures to control outward overseas remittances with a view to curbing Chinese capital outflows.
15 June 2017
09 July 2018
The Chinese government has vowed to put an end to the scrapping of ships not carrying a Chinese flag.
01 August 2017
The Turkish Ministry of Transport, Maritime Affairs and Communications, has on 28 July 2017, amended the 'transit' rule in the Maritime Traffic Regulations for the Turkish Straits, from 48 hours to 168 hours.
20 September 2016
The GENCOA is BIMCO’s standard contract of affreightment for dry bulk cargoes. A contract of affreightment is an agreement between an owner and a charterer for the carriage of a certain amount and type of goods between agreed ports over a given period of time. It is not limited to a particular ship, but operates as a series of voyage charter parties. GENCOA has been designed to be used with any dry cargo charter party, although BIMCO would recommend the use of GENCON, COAL-OREVOY or GRAINCON.
The latest edition of this contract is GENCOA from 2004.
Copyright in GENCOA is held by BIMCO.
20 September 2016
The Baltic Wood Charter Party was developed for the wood trade from the Baltic and the North Sea (with the exception of Russian ports) to the U.K. and Ireland.
The latest edition of this contract is NUBALTWOOD, issued in 1997.
12 December 2017
The United States (US) government lifted their restrictive policy on crude oil exports in December 2015. In September and October 2017, increased demand from Asia and Europe has caused US seaborne export of crude oil to surpass the US seaborne export of oil products in terms of billion tonne miles.
16 February 2017
The following reports issued by the US Office of Naval Intelligence are provided to keep members informed of any recent security incidents.
01 November 2018
The trade war and particularly the Chinese tariffs on imports of US soya beans can now clearly be seen with the start of the soya bean exporting period in the US.
07 November 2018
For the seventh month in a row total US crude oil exports excluding china hit a new all-time high reaching 7.9 million tonnes in September.