BIMCO (Baltic and International Maritime Council) has endorsed a new Quality Standard (QS) for ship agents and brokers set up by the Federation of National Associations of Shipbrokers and Agents (FONASBA), which will serve to assist ship owners and operators…

Read at BIMCO endorses new quality standards for ship agents and brokers

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• Twenty percent of the container ship deliveries Deferred

    The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in Denmark. While the container shipping segment was hardest hit, one in six new ships of all kinds is being

• BIMCO General Meeting, Vancouver, BC 6 to 8 June, 2011

    The 2011 BIMCO General Meeting will be held in Vancouver, British Columbia from 6 to 8 June 2011 followed by a series of Seatrade events. Central to the occasion will be a high profile speaker’s conference focusing on matters central to shipping industry concerns

• BIMCOs activities during the COP 15

    The COP 15 meetings in Copenhagen started Monday 7th. Even though its impact is not clear, the shipping industry is enthusiastic in wishing to respond on environmental, political and economic imperatives to continue mitigating its impact on climate change

• Update BIMCO and ISF manpower study in 2010

    It has been 20 years since BIMCO and ISF first decided to conduct the original 1990 BIMCO/ISF Manpower study and both parties have recently decided to launch a 2010 update.

• Sonoda new ASF Secretary

    The Asia Shipowners’ Forum (ASF) has announced that, with effect from 1 January 2010, Mr.

• BIMCO piracy issues three new clauses

    responds to the realities of a continuing problem Read at BIMCO issues three new Piracy Clauses

• Mumbai Agents Protest Higher Rates

    Local agents of container lines serving Mumbai strongly protested a planned 30 percent increase in tariffs. The management of India’s western Port of Mumbai filed an application with the Tariff Authority for Major Ports, the country’s port regulator, to hike its existing scale of rates by 30 percent as part

• ISU closes in revision of BIMCO WRECKHIRE Agreement

    Work has begun on the revision of the widely-used ISU/BIMCO WRECKHIRE 99 Daily Hire Wreck Removal Agreement. This follows a request to the Documentary Committee by the International Group Salvage Sub-committee to consider the agreement for revision – primarily driven by a desire to better control costs.

• Security guard stopped: No time for continuing education

    There are certain strategies that can be adopted when the market turns against you, and it is probably true to suggest that most well-run shipping companies are implementing them today. You review capital expenditure focussing on the essentials rather than the “nice to do” variety

• Future of Mombasa port container handling, as discussed Row worsens

    KENYA As the Kenya Ports Authority (KPA) continues the preparation of its report into the future development of the port and the country’s Privatisation Commission searches for a consultant to advise them as to precise details after previous bad experiences, shippers in the country are up in arms about the

• EU conference on the future of transport

    BIMCO will participate in the Stakeholder Conference on the Future of Transport taking place in Brussels on 20 November. The Conference is hosted by the European Commission and is part of the public consultation following the Commission’s Communication on “A sustainable future for transport: Towards an integrated, technology-led and user

• Bulgarian Expert: Somali Pirates Risk Cheaper than going around Africa

    It is disputable whether it is worth sailing all the around Africa to avoid the threat of Somali pirates in the Gulf of Aden. This is the opinion of Captain Nikola Hristov, Chair of the Bulgarian Association of Ship Brokers and Agents regarding the issue of piracy off the coast

• City of London, said change was coming to the FFA market

    Change is coming to the freight derivatives market and the Baltic Exchange needs to respond to it, the Lord Mayor of the City of London said. Forward freight agreements (FFAs), which allow a buyer to take a position over where freight rates will stand at a point in the future,

• Kenya: Shippers Council in talks over high handling fees

    The Kenya Shippers Council (KSC) has initiated talks with shipping lines and agents with the aim of reducing the cost of maritime transport, which has made the East African route one of the most expensive in the world. The Kenya Ships Agents Association executive director, Mr Frederick Wahutu, said they were

• Singapore expands incentives for ship brokers, managers

    The Singapore government has extended financial incentives to both ship brokers and ship managers in its 2010 budget. “I will introduce a tax incentive to grow shipbroking and extend that for maritime financing activities.