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19 January 2024SmartCon will be the long-term successor for IDEA. Based on the latest Microsoft technology, it will ensure that we can continue to offer our industry-known contracts for years to come.
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SmartCon will be the long-term successor for IDEA. Based on the latest Microsoft technology, it will ensure that we can continue to offer our industry-known contracts for years to come.
In 2019, global oil demand is forecast to pass the symbolic 100 million barrels per day threshold (International Energy Agency). Developing countries account for almost all of the growth and Asia dominate. BIMCO stated in its forecast for 2017 , that the tanker demand growth for 2017 is expected to come predominantly from the greater Asia region, led by China. China has met expectations by ramping up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As China is importing crude oil from further afield in 2017 than in 2016, the tonne miles generated has surged 18%.
January 2017 already accounts for 22% of the crude oil tankers previous year’s total deliveries, due to tremendous VLCC delivery growth.
BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.
BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Dry Cargo Conference taking place on 1-2 June 2017 at the RAI Exhibition and Convention Centre in Amsterdam, The Netherlands. Discounts for BIMCO members available.
The California State Lands Commission (CSLC) approved regulations that increased the fee paid by vessels with a qualifying voyage arrival at a California port. The fee was increased from $850 to $1,000. The Board of Equalization will begin collecting the increased fee on or after 1st April 2017. The Marine Invasive Species Act requires ships over 300 GRT and carrying or capable of carrying ballast water that arrive at a California port to submit a US Coast Guard Ballast Water Management Report to the CSLC.
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shipping of grains.
What will the future bring? Overall demand growth is expected to be lower than in 2017, but still high enough to potentially improve the fundamental market balance.
The AMSA Marine Notice 7/2017 addresses the following areas; Software quality assurance, Anomalies, ECDIS data presentation and performance check dataset, Chart carriage requirements, Mode of ECDIS operation, ECDIS training requirements and Port state control inspections.