13th December 2017
BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering. The new leaner version of the contract, introduces a formula for calculating a fair share of costs for any compulsory structural changes or new equipment that may be implemented during the charter period.
12th December 2017
Duncan Dunn has been elected Chairman of the Baltic Exchange Council with effect from 2 January 2018. He replaces Lambros Varnavides who has held the position since November 2016. Duncan Dunn is a Senior Director at SSY Futures and has served as Baltic Exchange Vice Chairman since 2017.
11th December 2017
LOC Group, the leading international marine and engineering consultancy has been appointed to provide marine warranty services (MWS) and consultancy services for Tengizchevroil’s Future Growth Project-Wellhead Pressure Management Project, the next major expansion of the Tengiz oil field.
8th December 2017
BIMCO’s Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus.