BIMCO’s position on “ballast water management” has been approved by the BIMCO Board of Directors.

Background
The Ballast Water Management (BWM) Convention entered into force on 8 September 2017. Ships constructed before this date must in general terms comply by the

The Maritime Authorities of the Paris and the Tokyo Memoranda of Understanding (MoU) on Port State Control will start issuing a letter of warning from 1 January 2019 on the sulphur content of marine fuels during inspections in order to

Further to Announcement released on SGX-ST on 22 September 2009, Pan Ocean Co., Ltd. (“the Company”) wishes to announce that the Company and Vale International SA (“Vale”) have mutually agreed to change the previous long term consecutive voyage contracts dated

The production of electricity from non-renewable energy sources contributes significantly to global warming, climate change, and air pollution, in addition to using exhaustible resources. However, it is an easy energy to obtain, not depending on atmospheric conditions, unlike most renewable

The Gazprom Board of Directors reviewed the information about the prospects of the liquefied natural gas (LNG) bunkering market and the Company’s ongoing efforts in this regard.

It was noted that increased use of LNG as a bunker fuel was related

NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of NYK's first methanol-fueled chemical tanker. A green loan is a loan whose proceeds are used solely for the purpose

The CMA CGM Group, a worldwide leading shipping group, is pleased to announce its subsidiary Containerships, an expert in Intra-Europe which it acquired in October, took delivery on December 12th of its first container ship powered by liquefied natural gas

VLCC
Middle East Gulf rates shed 3/3.5 points to WS 83/83.5 for 270,000mt to China. Going west, 280,000mt to the US Gulf fixed at WS 33, if basis is Cape/Cape, it is down around four points. West Africa to China

As members will be aware, BIMCO have now published their 2020 Sulphur Clauses for time charterparties, on 10 December 2018.

The wording of the clauses, as well as the associated guidelines, concerning the switch to fuel with a maximum sulphur content

Further to the Club’s news articles of 1st August 2016, 9th February 2016 and 16th December 2015 regarding the emission control areas in China, Ministry of Transport of the People’s Republic of China (MOT) has implemented a scheme aimed at