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First ever standard contract for autonomous ship operation underway

BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous ships currently in operation will mean ongoing adjustments as the industry forges ahead with its pioneering projects. Publication of the first version is expected in 2021. The digitalisation of the shipping industry manifests itself in …

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Tianjin Shipping Index up 0.4 pct

China Tianjin Shipping Index (TSI), an indicator of northern China’s ocean freight rates for both international and domestic shipping markets, stood at 842 points on Thursday, up 0.4 percent compared with the previous working day. The statistical samples of TSI cover 27 international shipping routes from the ports of Tianjin, Qingdao and Caofeidian, and major …

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Korean Shipping Companies Benefiting from Special Government Guarantee

South Korean shipping companies are enjoying high growth thanks to the South Korean government’s proactive support. South Korean shipping companies are distinguishing themselves based on the South Korean government’s proactive introduction of environment-friendly policies. The International Maritime Organization applied a fuel sulfur content limit of 0.5 percent instead of 3.5 percent to cross-border navigation at …

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4th BIMCO report on the IMSBC Code Amendments – Re-classification of dangerous goods

BIMCO started reporting from 30 September 2020, a series of articles, informing members of what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. This is the 4th article in the series. Today, BIMCO reports on the re-classification of Group B …

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Heerema to wind down ‘no longer economically viable’ Angola business

Dutch offshore contractor Heerema Marine Contractors has decided to close its joint ventures in Angola due to poor market conditions. In a statement on Friday, Heerema Marine Contractors said that the ongoing poor market conditions and sustained low oil price mean that the Heerema Angola Joint Ventures were no longer economically viable. Having explored possibilities …

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The future of seismic data acquisition

Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of renewable energy infrastructure, academic studies of the geology as well …

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UN agencies support resumption of cruise ship operations

The International Maritime Organization (IMO) and the World Tourism Organization (UNWTO) have expressed their support for the safe resumption of cruise ship operations following the COVID-19 pandemic. In a joint statement issued on 5 November, the organizations also encouraged their member states and relevant national and local authorities to designate all seafarers and marine personnel within …

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