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India works with a comprehensive two-tier holiday schedule. As the laytime permitted could be artificially inflated if all these holidays were excluded from laytime, a practice of announcing "Charter Party Holidays" has been in place for several years. BIMCO provides this information in the supplement to the BIMCO Holiday Calendar.
BIMCO will open an office in Athens in the early summer of 2019. The objective is to have a stronger and closer dialogue with BIMCO’s Greek membership and to recruit more Greek members. The Greek shipowners are already the biggest group of BIMCO members measured by fleet size.
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.
The Government of Nigeria and shipping stakeholders launch a strategy to end piracy and armed robbery in the Gulf of Guinea (GoG). Despite a 60 percent decline in piracy-related attacks, following increased counter-piracy efforts, all reported crew kidnappings in 2021 were reported in the GoG. The strategy establishes a mechanism to improve and reinforce best counter-piracy practices by both local and global actors.
The first revision of the New York Produce Exchange Time Charter (NYPE) since 1993 now published
A summary of adjustments to restricitions related to COVID-19 being issued within the last week
Following an incident where a crew member was diagnosed with COVID-19 upon arrival in Singapore, the Singapore Shipowners Association is reiterating the importance of self-quarantine.
The project to develop two standard escrow agreements was kicked off this week with a subcommittee meeting in BIMCO House.
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