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Demolition report dated 1 October 2021

05 October 2021

We have seen markets rise and fall, ships bought and sold, regulations come and go, all whilst international awareness and focus on the ship recycling sector has greatly increased and yard quality improves (particularly in India but now starting in Bangladesh and Pakistan too) with the advent of the HKC.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

New gas charter party hits the mark in busy market environment

01 October 2021

ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec and Clarksons about why ASGABASVOY was their preferred choice of charter party in a recent LPG fixture.

BIMCO submits proposal to IMO to extend BWM experience-building phase

27 September 2021

BIMCO has submitted a proposal to the upcoming Marine Environment Protection Committee (MEPC) 77 with the aim to extend the experience-building phase (EBP) associated with the International convention for the control and management of Ships’ ballast water and sediments, 2004 (BWM Convention). The extension is deemed necessary due to slow progress of the data collection phase.

BIMCO expands its Asian presence

24 September 2021

Deputy Secretary General, Søren Larsen, is expected to relocate to Singapore in the first quarter of 2022 to facilitate BIMCO’s ambition to strengthen support to members and the wider maritime community in the region.