BIMCO Shipping KPI standard version 3.0 activated as of 2018-Q1
03 April 2018Exciting news! BIMCO Shipping KPI version 3.0 - activated
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Exciting news! BIMCO Shipping KPI version 3.0 - activated
BIMCO has drafted a standard form which can provide documentation for shipowners unable to buy compliant fuel in a port. The standard will be discussed at the Intersessional meeting the International Maritime Organization (IMO) in July.
Gulf of Guinea crude oil exports have year-to-date contributed 13.7% of VLCC’s tonne miles demand and 16.5% of Suezmaxes. A 13.5% y/y drop in Nigerian year-to-date crude oil output has been the main drain on demand and caused a 5.9% decline in tonne miles. A further decline in Gulf of Guinea exports can be expected from mid-2023 when Nigeria’s Dangote refinery begins operation – requiring a sizeable portion of the country’s crude oil – and possibly add to rate volatility.
BIMCO has started work to draft an industry standard clause for the Russian Oil Cap Scheme.
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