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Supply

The dry bulk fleet is expected to grow by 2.8% in 2023 and by 2.1% in 2024, as both deliveries and ship recycling remain low. However, supply is expected to grow by 0.5-1% less than the fleet in 2023 and in 2024, due to the impact of EEXI/CII regulations on sailing speed. The current orderbook st... Please follow the link to continue reading.

Key topics discussed at BIMCO’s February Documentary Committee meeting

BIMCO’s approval body for contracts and clauses gathered on 23 February to discuss a highly topical agenda. Two contracts of affreightment and a contract for conversion work on ships were adopted. Split views on whether adopting the ETSA Clause was premature postponed the adoption of this clause.