30 November 2018
This document provides the most recent information on threats affecting merchant ships in the Red Sea.
13 June 2017
07 September 2017
Combined Maritime Forces (CMF) have introduced a Maritime Security Transit Corridor linking the Internationally Recognised Transit Corridor (IRTC) in the Gulf of Aden and the Traffic Separation Scheme (TSS) in the lower Red Sea.
05 November 2019
Mark is Senior Associate at Stephenson Harwood, Dubai. He is a skilled litigator with extensive experience in shipping, commodities and trade finance disputes. Having trained in London and practiced there for the first five years of his career, Mark moved to Dubai in 2017 in order to focus on building the Firm’s shipping and commodities practice in the UAE. He continues to be heavily involved in arbitration and Court cases in England for clients based the Middle East whilst also becoming a specialist in matters before the Dubai International Financial Centre Courts and arbitrations seated in the UAE.
He has acted for a cornucopia of clients, ranging from oil majors, state-owned oil companies, trading houses, smaller independent commodities traders, shipowners, hedge-funds and banks. The majority of those matters have been arbitrations in the major shipping and commodities forums, including the LMAA, LCIA, DIFC-LCIA, DIAC GAFTA, FOSFA, ICC, UNCITRAL, SIAC, HKIAC and the first case before the newly formed Emirates Maritime Arbitration Centre (EMAC). The disputes have ranged from modest demurrage disputes to oil and gas disputes worth hundreds of millions of dollars. His reported Court cases in England include H&CS v RBRG Trading, Petrosaudi Oil Services v Novo Banco & Ors and Integral Petroleum SA v Perogat FZE & Ors. In Dubai he has recently acted in one of the leading cases on the enforcement of foreign judgments in the DIFC - Essar Global Fund Limited v Barclays Bank PLC & Ors.
Mark has also undertaken a number of secondments with both trading houses and trade finance banks, which has led to him being involved in non-contentious work such as advising on the structuring of trade finance facilities and “repo” sale contracts.
08 November 2019
Buyers in the tanker sector remain inspired by the recent rally in freight rates, with a number of en-bloc deals surfacing last week, while as the end of the year approaches owners contemplating investing on dry bulk tonnage have also become more aggressive despite extended pressure on earnings in the sector.
The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
19 September 2016
BARGEHIRE is a bareboat charter party specifically designed for unmanned, non-self-propelled seagoing barges. It is a lease agreement whereby the charterer obtains possession and full control of the barge along with the legal and financial responsibility for it. The charterer generally pays for operating expenses such as maintenance and repairs but, unlike bareboat chartered ships, barges are often chartered with owner’s insurances made available to the charterer.
Copyright in BARGEHIRE 2008 is held by BIMCO.
29 June 2017
As adopted at the General Meeting in Athens, May 2019
30 January 2019
BIMCO – which was founded under the title of "The Baltic and White Sea Conference" in Copenhagen in 1905 was the first organisation to see the benefit in joining forces with other countries to secure better deals and standard agreements in shipping.
As the organisation grew and became more international it was renamed -The Baltic and International Maritime Council –and at present day – simply BIMCO.
07 December 2018
BIMCO's position on "smuggling" has been approved by the BIMCO Board of Directors.
26 June 2019
BIMCO's position on "underwater radiated noise" has been approved by the BIMCO Board of Directors.