USA, Louisiana, New Orleans Dist LA - Harbour
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MEPC 71 progressed in ensuring smoother implementation of the ballast water convention. One of the achievements was reaffirming the agreement regarding the provisions for non-penalisation of early movers that have installed ballast water management systems according to G8 guidelines.
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Background In October 2009 BIMCO initiated a project to develop a suite of standard bunker clauses for use in time charter parties. The rationale behind developing the suite is simply to address the ever increasing importance of bunker issues in time charter parties and the need to ensure that the r... Please follow the link to continue reading.
We estimate that crude tanker demand will increase by 6.5-7.5% in 2024 and 2-3% in 2025. Cargo growth is forecast to be 2-3% in 2024 and 1-2% in 2024. Increased sailing distances due to the Red Sea crisis are expected to lift demand in the first half of 2024, whereas the continued shift of crude sup... Please follow the link to continue reading.
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