April 2024

Is 1 May a holiday?

What is the difference between a publicly declared holiday and a non-working day according to a labour agreement?

For a day to count as a holiday for the purposes of laytime calculations, it has to be declared as a holiday by a competent authority. Listen to BIMCO's own expert in holidays in our Maritime Information team, Johan Conrad , as he chats with his colleague David A. about the challenges of determining whether 1 May is such a holiday or not.

Listen here now

Dry Bulk Shipping Market Overview & Outlook April 2024

Normalisation of ship routings could cool dry bulk market

• Supply is forecast to grow 2.5% in 2024 and 2.0% in 2025. Supply growth is slowing due to lower deliveries
• According to the IMF, Global GDP is forecast to grow by 3.2% in both 2024 and 2025. Inflation has cooled, which should allow a gradual easing of interest rates
• The fleet is expected to grow 4.9% between end 2023 and end 2025. That is the slowest it has grown since 2016

Read, watch or download our latest tanker market overview & outlook

BIMCO Training: Ship Management Academy

16-20 September, Denmark

In a unique cooperation between a BIMCO and the CBS Blue MBA Alumni Association, we present a new and unique learning experience.

The Ship Management Academy is a comprehensive and intensive course designed to equip participants with the essential knowledge and skills required in the dynamic world of ship management. This program covers various topics, ranging from the commercial context of ship management to the intricacies of operational excellence and the latest advancements in the maritime industry.

Find out more and register

SHIPMAN 2024 available for use

The updated 2024 version of BIMCO’s widely used ship management contract SHIPMAN is now available for use in SmartCon and on the BIMCO website accompanied by explanatory notes.

View the contract and explanatory notes

15+15 webinar: ETS clauses status - and looking ahead

1 May, 12:00 UTC, Online

How did the first four months using the EU ETS clauses go? Following on from our recent 15+15 webinar "Navigating EU ETS in contracts " which provided an overview of the available BIMCO clauses on emission trading schemes and how to understand the difference between various contractual solutions, join this 15+15 webinar with BIMCO's new Deputy Secretary General, Stinne Taiger Ivø , and get a status update

Find out more and register for free

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