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Sunday, 07 September 14
SHIPMANAGERS SUPERVISION CONTRACT FOR NEWBUILDS - BIMCO

Shipmanagers are frequently called upon by their owner clients to supervise newbuilding projects on their behalf. The scope of the manager’s duties and powers need to be carefully set out in an agreement consistent with the provisions of the underlying shipbuilding contract.

At present there is no standard form of contract available for this important supervisory role. In response to a number of requests from shipmanagers, BIMCO has agreed to development a new contract which it believes will provide a valuable addition to its existing suite of ship management related agreements.

Work on this project will begin in London on 8 September and is expected to take around a year to complete. The project is headed by Ajay Hazari of Anglo-Eastern Shipmanagement, assisted by Maurizio Bergamachi of D’Amico, Steve Davies of Graig Shipping, Charlotte Kirk of ITIC and Justin Turner of Curtis Davis Garrard.

The key issues for discussion will include the scope of work; administration and site supervision, responsibilities and liabilities; and remuneration.
Source: BIMCO
 



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Thursday, 21 August 14
PREDICTIONS FROM VARIOUS SHIPPERS AND MINING INDUSTRY FOR 2ND HALF YEAR AND ESPECIALLY Q4 IS POSITIVE
Handy The activity has increased in both hemispheres this week and we see rates edging up on all trades. TA´s are now paying around 8k whic ...


Thursday, 21 August 14
SHIP OWNERS KEEP SHYING AWAY FOR NEW SHIP INVESTMENTS, OVERALL TREND IS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have remained in the sidelines of the Sale & Purchasing market for second hand vessels, during most of August, while they also slow ...


Wednesday, 20 August 14
DRY BULK MARKET TO REBOUND IN THE FOURTH QUARTER, OR NOT....- NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The projected rebound of the dry bulk market is still an elusive trend and shipbrokers and analysts are looking to identify the timing of the loomi ...


Monday, 18 August 14
CAPESIZE RATES TO RISE TO MUCH HIGHER LEVELS THIS YEAR - JEFFREY LANDSBERG
COALspot.com: Capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%).  Capesize rates have been a ...


Monday, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
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