BIMCO has published a revised version of its standard Charter Party Guarantee clause which provides a uniform standard guarantee clause for use by the shipping industry. The Charter Party Guarantee 2022 is a time charterer’s guarantee in respect of all…
BIMCO Charter Party Guarantee Read More »
Momentum has built towards an ambitious revision of the GHG reduction strategy as two weeks of IMO negotiations conclude. The thirteenth Intersessional Working Group on Greenhouse Gases (ISWG 13) and seventy ninth session of the Marine Environment Prot…
The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the market to remain at high levels. In its latest weekly report, shipbroker Gibson said that “12 months ago, we titled our closing report…
Tankers To Stay the Course During 2023 Read More »
Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to the market and subsequently pushed the Brazil to Qingdao run to a higher level. However, fixtures were lacking as very limited promp…
Dry Bulk Market: Capesizes Surge Forward Read More »
The 79th session of the IMO’s Marine Environment Protection Committee (MEPC 79) was held from 12 to 16 December 2022. Highlights include the adoption of a Sulphur Emission Control Area (SECA) in the Mediterranean Sea from 1 July 2025 as well as further…
IMO Update: Marine Environment Protection Committee – MEPC 79 Read More »