ReCAAP Information Sharing Centre (ISC) today released its Annual Report 2019 (January to December 2019). Highlights of the Report, whose information is verified by the respective government agencies, also known as ReCAAP Focal Points, and

The Liberian Registry has announced its Expedited Registration Process, or ERP, effective as of 01 January 2020, in an effort to further streamline the registration and re-registration of vessels in the Liberian Registry. The new process re

The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2019 according to data released by the Baltic Exchange. Tanker Forward Freight Agreement (FFA) volumes were up 38% on the previous year,

The Baltic Exchanges main sea freight index on Thursday posted its biggest one-day percentage decline in six years, pressured by depressing demand for dry bulk vessel segments. On its first day of trading in the new year, the Baltic index ,

After peaking in September, the fundamentals of the market have begun to drag on freight rates although the rates remain above the average experienced so far this year, buoyed by a handful of positive developments during Q3. Capesize ships

A set of important amendments to the International Convention for the Safety of Life at Sea (SOLAS) and various codes mandatory under the Convention enter into force on 1 January 2020, said International Maritime Organization (IMO). Amendme

From 1 March 2020, not only the use of fuel oil with a sulphur content exceeding 0.50% will be prohibited, but even carrying fuel oil intended for use on board that ship, with a sulphur content exceeding 0.50%, will be prohibited, unless th

The IMO considers exhaust gas scrubbers to be an acceptable means of reducing vessels sulphur emissions and ensuring compliance with MARPOL Annex VI. A separate guideline, Resolution MEPC.259(68) , specifies the requirements for the verific

In the future, BIMCO will have a Marine Environment Committee and a Maritime Safety and Security Committee. The new setup reflects the meeting structure at the International Maritime Organization (IMO), and will facilitate a better handling

IMO 2020 0.5 Sulphur regulations will soon take effect, and the confusion over LSFO pricing remains a huge issue. There are some 4.5-5.0 million tons of LSFO in floating storage off Singapore, so if your vessel is in that area, finding LSFO

In The European Green Deal, published on 11 December 2019 by the European Commission, it is highlighted in the introduction that the environmental ambitions of the Green Deal will not be achieved by Europe acting alone. BIMCO fully agrees w

The reason for IMO 2020 is to save lives. The study elaborated by the Finish Meteorological Institute: Health Impacts Associated with Delay of MARPOL Global Sulphur Standards, and submitted at the 70th session of the Marine Environment Prot

The IMO 2020 sulfur regulations that take effect in three weeks time are starting to redefine the choice of bunkering ports and impact the cargo-carrying capacity of dry bulk ships, according to freight market participants. A large number o

From 20 February 2020, Frank He and Deborah Yu will be appointed respectively General Manager and Deputy General Manager of our Hong Kong office. Frank and Deborah will oversee a team that has grown to 16 people, reflecting the increase in

India, one of the worlds five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship recycling. Indias accession brings this important c