Product tanker recycling drops 82% year-on-year to lowest on record
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Add your voice to the syndicated term sheet
BIMCO’s work on a syndicated term sheet for use in ship financing transactions is now so advanced that it is ready for review by the industry.
Supply
The dry bulk fleet is expected to grow by 2.8% in 2023 and by 2.1% in 2024. However, supply might grow by only 1-2% in 2023 and 2024 due to lower sailing speeds. Between January and July, bulk carrier newbuilding contracting fell 10.7% y/y, which caused the orderbook to slip to 7.7% of the dry bu... Please follow the link to continue reading.
Paul Herring
Paul Herring is the past Chairman of Ince & Co. He is now an independent consultant and specialises in the resolution of disputes and has particular expertise in ship sale and purchase disputes. His expertise covers most aspects of shipping, with particular emphasis on charter party disputes, carria... Please follow the link to continue reading.
BIMCO’s Casper Broustbo talks about our contract editor SmartCon
BIMCO's Casper Broustbo talks about SmartCon
Dry cargo market report dated 10 February 2023
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Sale & purchase report dated 7 July 2020
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New gas charter party hits the mark in busy market environment
ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec a... Please follow the link to continue reading.
SUPERMAN
The Standard Agreement for the Supervision of Vessel Construction, codenamed SUPERMAN, clearly sets out a ship managers’ duties and obligations when providing supervision services to a newbuilding project. It is an agency based agreement whereby the supervisors act for and on behalf of the owners. S... Please follow the link to continue reading.
Capesize order book slips to 5% of fleet as contracting falls
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