On the occasion of the World Maritime Day 2020, INTERCARGO joins the IMO and the shipping industry in promoting Sustainable shipping for a sustainable planet. International shipping is vital for the p rosperity of people all over the world

On 24 September, IMO and the global maritime community came together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. 2020 saw everyone across the globe affected by the COVID-19 pa

On World Maritime Day Guy Platten, the Secretary General of the International Chamber of Shipping (ICS), stated that the number of seafarers affected by the ongoing crew change crisis could soon reach one million, with major consequences fo

On World Maritime Day, with hundreds of thousands of seafarers still stranded at sea, I think now is the time to address shippings inability to consistently shape and direct policies that impact our ability to conduct business safely and ef

At the Documentary Committee meeting that took place on 21-22 September, the new BIMCO MOA was presented for review, in line with BIMCOs strategy to provide contracts for all sectors of the shipping industry. BIMCO has been working on the d

The peak season for containerised exports from Asia to the US is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year. However, despite the d

The Singapore Maritime Port Authority issued revised crew change requirements today in the form of PMA circular 38. BIMCO gives a short summary of these requirements. The PMA revised its crew change requirements on 1st September together wi

Responding to the changes in the ship financing landscape, BIMCOs Documentary Committee has adopted the new term sheet, SHIPLEASE, which is developed for sale and leaseback transactions involving second-hand ships but can be readily adapted

BIMCO and the Association of Ship Brokers Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most us

The global bunker industrys smooth transition into the low-sulfur era mandated by the International Maritime Organization has sent a strong signal to the sector that it can achieve its next goal of decarbonization equally free of hurdles, i

Introduction In 2019, there were numerous discussions in the marine industry over how the transition to 0.5% fuels would pan out, with concerns about a wide variety of issues. Which predictions were right? To address this question, Gard hel

The list of industries that have been hit hard by Covid-19 is long, with shipping being just one of the many casualties. Although in spring tanker rates surged to unprecedented highs amid discharging delays and floating storage demand, toda

On Thursday 3 September, the Very Large Crude Carrier (VLCC), transporting two million barrels of crude oil from Kuwait to Paradip Port (India), ran into trouble because of an explosion and a fire in the engine room. The location of the inc

Successfully invoking force majeure under a charter party or other contract depends on many factors. One essential element for contracts governed by English law is that the agreement must contain a clause that defines what constitutes a for

Sep 3 UPDATES: According to Japanese CG, 1 crew, Chief Officer of Filipino nationality, was rescued, SAR continues. He said, that the ship capsized after engine failure she was turned broadside towards all the strength of waves and wind, an