BIMCO standard ship repair contracts overhauled
BIMCO has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is for minor repair work that can be done by contractors when a ship is in port. Both contracts wer...
BIMCO deepening Asian roots
BIMCO is planning to develop the new contracts in Asia in an effort to further increase the involvement of its Asian members. Both projects will be developed mainly by experts from the region and managed by BIMCO’s Shanghai office, assisted by ...
Wärtsilä, LUT University to develop alternative fuels
The technology group Wärtsilä, Finland’s Lappeenranta University of Technology (LUT) and Nebraska Public Power District (NPPD), the largest electricity utility in the state of Nebraska, have signed a Memorandum of Understanding (MoU) for the ...
Big shipping guys establish a container association
A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express plan to establish container shipping association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping ind...
NB order excluded in Maersk's 2019 plan
AP Moller-Maersk has recently released its 3Q business results and announced that there will be no M&A plan, as well as large containership order, in 2019. CEO Soren Skou commented, "We are not planning to order any large ships befor...
Avenir LNG piled LNGC capital
Reference is made to the stock exchange release on 1 October 2018 where Stolt-Nielsen Limited, Golar LNG Limited and Höegh LNG Holdings Limited (collectively the ‘Sponsors’) announced a combined investment commitment of USD 182 million in Av...
BIMCO adopts 2020 bunker clauses
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release. The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee a...
HHLA exceeds strong previous year’s result
Hamburger Hafen und Logistik AG (HHLA) continued its positive development in the current financial year and once again exceeded the strong previous year’s result in the first nine months of 2018. In both the Port Logistics and Real Estate subgr...
BIMCO launhes survey for biofouling
Biofouling management is an important issue for several reasons. Fouling on a ship's hull significantly reduces hydrodynamic performance and increases fuel consumption. Furthermore, biofouling impacts ships’ emissions and potentially transfers ...
Wärtsilä reveals lock entry assist system
The technology group Wärtsilä has developed a lock entry assist system that will facilitate a vessel’s approach and entrance into waterway locks. The development work has been carried out in cooperation with the Canada-based CSL Group. The in...
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