Owners Sending Fewer Ships to Scrapyards
Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, according to Clarksons.
New Zealand Becomes 54th State to Ratify BWM Convention
New Zealand has ratified the Ballast Water Management (BWM) Convention, which is scheduled to enter into force on September 8, 2017.
Marshall Islands Supports Five-Year Trial Period for BWMC
The Republic of the Marshall Islands (RMI) Registry said that it will support proposals under which the shipowners would be granted a five-year trial period to comply with the Ballast Water Management Convention (BWMC).
MSI: BWMC to Recover Dry Bulk Market?
Despite being beset with technical challenges and shipowners opposition, the implementation of the IMO Ballast Water Management Convention (BWMC) might provide the basis for a dry market recovery, according to Maritime Strategies International (MSI)