Second-hand bulk market heading for record year as 279 ships trade hands so far
25 March 2021The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
Showing 171 - 180 of 200
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
Joint-industry alert on piracy in the Gulf of Guinea
Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.
Updated IMO Circular containing a list of certificates and documents required to be carried on board ships together with a brief description of the purpose of the certificates and other relevant documents.
Lack of compliance with the US Act to Prevent Pollution from Ships (APPS) continues to result in significant financial penalties for shipping companies and ships being barred from entering ports in the USA.
In October 2020, the order book for new container ships bottomed out at 8.4% of the combined trading fleet. For ships smaller than 8,000 TEU, the order book bottomed out one month later at 3.7% of the trading fleet, and only accounted for 18.2% of the total container order book. Interest in the smaller segments, however, is bouncing back after months of hibernation.
Seed cakes transported in containers continue to provide a risk in terms of causing container fires onboard and BIMCO urges the use of joint-industry guidelines to BIMCO members to improve safety for ship and crew.
BIMCO and the International Chamber of Shipping (ICS) have published a new cyber security workbook meant to serve as a guide for the master and officers on board ships and thereby help them prepare for a potential cyber incident.
The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the “international industry organisations”) draw Members’ attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continuing detention in custody of the ship’s Master without any formal charges against him, following the discovery of illegal narcotics on board.
MARPOL Annex VI, regulations 26 & 28 incorporates requirements on ships of 5000 GT and above of certain types to amend their Ship Energy Efficiency Management Plans (SEEMP) with a new mandatory part III, and to calculate their “required annual operational CII” and their “attained CII” for each year starting 1 January 2023.