Industry Developments

There is encouraging development of BDI (Baltic Dry Index), reaching 1200+ as per webpage . Many would ask whether it is on a path of steady recovery. In the past few years, reported elements, such as: • falling demand from China, • low commodity...

Some 200 representatives of classification societies, shipbuilders and shipowners came together in Tokyo on October 12-14, 2016 for their annual ‘Tripartite Meeting’ on issues of common interest. Please refer to the relevant Press Release for an...

With appreciation to INTERCARGO member Steamship Mutual Management, refer to the enclosed circular on Iran Trading – implications on the availability of P&I cover, issued on 23 Feb 2016. It is understood that all clubs in the international Group...

The order backlog at South Korean shipyards has fallen to its lowest level in 10 years, according to data from Clarkson Platou. The nation’s shipbuilders had 28.44m cgt of orders as of end-February, the first time in a decade the backlog has fallen...

Shipping companies are being strongly encouraged to use new  ‘Transitional Measures for Shipowners Selling Ships for Recycling’ (2nd Edition) launched by a wide coalition of international shipping industry organisations in Jan 2016. The purpose of...