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During the first half of 2021, a total of 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: Vessels Value).
The 10th meeting of the IMO Sub-Committee on Pollution Prevention & Response has completed its review of THE 2011 GUIDELINES FOR THE CONTROL AND MANAGEMENT OF SHIPS' BIOFOULING TO MINIMIZE THE TRANSFER OF INVASIVE AQUATIC SPECIES with new guidance to ships on how to best manage biofouling including through performance monitoring, inspection frequencies and in-water cleaning- either proactive or reactive.
The Chinese government has vowed to put an end to the scrapping of ships not carrying a Chinese flag.
At the recent BIMCO Ship Manager Advisory Panel meeting the main topic was not surprisingly, the ongoing negotiations about t he future EU ETS.
Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.
The updated version of SHIPMAN, BIMCO’s widely used ship management agreement, was adopted by the Documentary Committee at its meeting on 22 March in Hamburg after a two-year review process involving shipowners, managers, P&I Clubs, insurance and legal experts.
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
The industry’s first ever standard ship conversion contract, CONVERSIONCON, complements BIMCO’s other ship repair and construction contracts. It is available for use on BIMCO SmartCon today.
SHIPMAN 2009, BIMCO’s much-used ship management agreement, is currently being revised and the drafting team in charge of the project has finalised a draft for industry consultation.
BIMCO's position has been approved by the BIMCO Board of Directors.
