What a difference a year makes! At the end of 2021, container ships were enjoying a historically strong market and freight and time charter rates had yet to peak. At the same time, dry bulk ships were seeing multi-year high rates slipping away, althoug…
Tankers end 2022 with 78% time charter contribution margin and best 2023 outlook Read More »
Just as there is no easy route to decarbonisation, there is no straightforward way of balancing a shipowner’s obligation to comply with the MARPOL Carbon Intensity Indicator (“CII”) Regulations with a time charterer’s right to direct the employment of …
BIMCO CII Clause for Time Charters – The dust begins to settle Read More »
Shipyards across Europe, Med and the Black Sea are expected to be fully booked during 2023, as a multitude of projects, many of which will be environmental retrofits, are expected to take place. In its latest weekly report, shipbroker Intermodal said t…
“Green” Retrofits to Dominate the Ship Repair Market of 2023 Read More »
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…