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BIMCO Events in Dubai – Programme Announced BIMCO BULLETIN BIMCO BULLETIN Quality is never an accident; VOLUME 109 it is always the result of high FEBRUARY 2014 1 intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives. (William A. Foster) BIMCO events in Dubai – programme announced The BIMCO House, February 2014 VOLUME 109 · NO. 1 · FEBRUARY 2014 VOLUME 109 · NO. 1 FEBRUARY VOLUME 103 · NO. 6 DECEMBER 2008 Time to revisit the definition of a “safe port”? BIMCO Chemical tanker 161 Bagsvaerdvej 2880 Bagsvaerd market outlook – Denmark POOLCON B adopted by a market at www.bimco.org Documentary Committee a crossroads cover-01-14.indd 1 13/02/2014 11:28:10 Get more Efcient voyage planning and chart management in a single service Connect your ADMIRALTY world digitally Planning station – View, order and › Overlay your digital products on one screen manage world-leading ADMIRALTY Nautical Products & Services on board › Instant updates to aid carriage compliance Fleet Manager – A web-based › Displays unique ADMIRALTY Information Overlay (AIO) application used by chart agents and › Easy to set up and use shipping companies ashore to manage ADMIRALTY products across fleets [email protected] › Helps free up valuable time on board and ashore Winner of the www.islamicpandiclub.com Marine Insurance Award T: +971 4 385 7004 F: +971 4 385 7011 To nd out more about e-Nav, Seatrade Middle East & Indian O. 408, Block B, Al Hudaiba Awards Bldg., Jumeirah Rd., visit www.admiralty.co.uk, Subcontinent Awards 2013 Union House Sq., Dubai, UAE, P.O. Box: 181891 or contact your ADMIRALTY Chart Agent. BIMCO_280x215_print.inddcover-01-14.indd 2 1 28/01/2014 16:22 13/02/2014 11:28:13 CONTENTS BIMCO 2 The BIMCO Awards Gala Dinner 3 Welcome to BIMCO 4 Perspectives in Shipping 2014 BIMCO Awards Gala Dinner 5 Dubai Perspectives in Shipping preliminary programme 12 NYPE update heads 2014 documentary work progress and programme for Dubai 14 BIMCO Education round-up Perspectives in Shipping pp.2, 4 -11 16 Watchkeeper General 18 Time to revisit the definition of a “safe port”? 20 Enhanced safety through the use of real-time dynamic chart overlays 24 Plotting a course to better profits: how e-navigation can reduce operating costs 28 Live testing of new AVANTI port information software 30 No all ballast water treatment system type approvals PRELIMINARY are equal PROGRAMME 32 High quality flag with focus on user-friendliness 34 Protecting marine environments: the MARPOL V Regulation 38 Malaysia’s Trans-Peninsular Pipeline Project: will it take off? 40 Light upon the waters Chemical tanker market 44 New books outlook – a market at a Shipping Market Overview & Outlook crossroads p.54 46 Macro economics 48 Dry bulk shipping 50 Tanker shipping 52 Container shipping 54 Chemical tanker market outlook – a market at a crossroads 56 The deveil in the detail of time charter damages calculation 58 Moore Stephens says 2015 should see return of healthy shipping industry Round-ups 60 Ongoing Chinese shipping issues 62 No lack of challenges in Asia at the start of 2014 64 Ongoing EU shipping issues 66 Ongoing US shipping issues Shipping Law POOLCON B adopted by 68 POOLCON B adopted by Documentary Committee Documentary Committee p.68 74 Anniversaries galore! 76 Judgment – The Ladytramp 78 London Arbitration – Incompetent versus negligent stevedoring 82 New York Arbitration – Shelltime (1984) – ST additional clause 48 – Major’s approvals – Impossible condition – Charterer’s wrongful cancellation – Owner’s damages BULLETIN 2014 VOLUME 109 #1 1 gen-01-14.indd 1 13/02/2014 12:41:28 Published by BIMCO Bagsvaerdvej 161 2880 Bagsvaerd Denmark BIMCO Awards Telephone: +45 4436 6800 Telefax: +45 4436 6868 Gala Dinner [email protected] www.bimco.org You are invited to join us on 29 April 2014 for the Secretary General - Angus R. Frew BIMCO Awards Gala Dinner at the Jumeirah Beach Editor - Stephen Gadd Hotel in Dubai. It promises to be a night of great All articles written by outside contributors do not necessarily networking and celebration. reflect the views or policy of BIMCO. © Copyright – No article may he new BIMCO Awards have been A distinguished judging panel has been be reproduced by any means created to celebrate and draw established headed by BIMCO’s President in whole or in part without the attention to shipping companies John Denholm. He will be joined by Jamal written permission of BIMCO. andT individuals who have excelled in areas Majid Bin Thaniah (TBC), Vice Chairman reflecting BIMCO’s global activities. of DP World and Captain Jitendra Misra, Details of publication dates and Managing Director of Emarat Maritime deadlines for advertising may The nominations will come from BIMCO and Director of BIMCO, Philippe Louis- be obtained by applying to the members, but the winners can be any com- Dreyfus, President of Louis Dreyfus Arma- Editor. pany or individual that has excelled within teurs and President Designate of BIMCO the category. (TBC) and Angus Frew, Secretary General ISSN 0901-814X. & CEO of BIMCO. Award categories The 5 BIMCO Award categories are: We need your nominations! So please go • The BIMCO President’s Award ahead and nominate your favourites within • The BIMCO Regional Shipping each category, and then come and join us at Personality of the Year the BIMCO Awards Gala Dinner in Dubai • The BIMCO Shipping Company on 29 April 2014 for a night of celebration. of the Year • The BIMCO Education & Perspectives in Shipping 2014 Training Award Make a whole day of it and join us at • The BIMCO Cairns-Hansen Award BIMCO’s Annual Conference. The theme Named after two of BIMCO’s founding of this year’s conference is Perspectives in fathers, whose vision was to create standard Shipping 2014 – Protecting and Develop- forms of charter party, the basic princi- ing Your Business. ple that underpins BIMCO’s documentary activities today. The Conference starts at 9:30 and runs DP World terminal at Jebel Ali. through to 16:00 on 29 April at the Jumei- How to nominate candidates rah Beach Hotel. BIMCO members can nominate candi- dates for the last 4 awards categories, start- Further information ing today, and the closing date for entry More information, including buying seats/ of nominations from BIMCO members is tables for the Gala Dinner, nomination Friday 7 March 2014. Simply go to the nom- forms for the BIMCO Awards, and sponsor- Printed in compliance with ination forms on this site: http://dubai. ship opportunities, is available on the dedi- Enviromental Certificate DS/ES ISO 14001 bimco.org cated website at http://dubai.bimco.org ll BIMCO gen-01-14.indd 2 14/02/2014 08:17:21 Welcome to BIMCO! BIMCO would like to extend a warm welcome to the following new members, admitted during the period from 1 December 2013 to 31 January 2014. Owner Members Qingdao, Shandong Province, China Seacon Ships Management Co. Ltd. Dragør, Denmark Licvem Shipping & Trading Aps Lagos, Nigeria West African Ventures Ltd. Doha, Qatar Trelco Marine Services Co. W.L.L Abu Dhabi, United Arab Emirates Sea Horse Middle East Marine Services LLC Dubai, United Arab Emirates IPC Marine Services L.L.C. Broker Members Icici, Croatia R & B Globalni Projekti d.o.o. Weding/Handewitt, Germany BOW Shipping GmbH Thessaloniki, Greece Seawind Shipping Services St. Petersburg, Russia Arvensa Transport Ltd. Dubai, United Arab Emirates GSS Marine Shipping Services LLC Agency Members Luanda, Angola Offshores Marine Service Lda. Montreal, Canada Robert Reford Agency Tehran, Iran Blue Gulf Shipping Services Co. Ltd. Associate Members Shanghai, China Industrial and Commercial Bank of China Ltd. Shanghai, China Wärtsilä Management (Shanghai) Co. Ltd. Sandefjord, Norway Jotun A/S Rotterdam, The Netherlands Port of Rotterdam New Orleans, LA, United States Galloway Johnson Tomkins Burr & Smith BIMCO BULLETIN 2014 VOLUME 109 #1 3 gen-01-14.indd 3 13/02/2014 12:41:35 Perspectives in Shipping 2014 BIMCO announces the programme for its annual conference Perspectives in Shipping 2014 – Protecting and Developing Your Business at the Jumeirah Beach Hotel, Dubai on 29 April 2014. ou are invited to join us on London, Nevil Phillips, Barrister, Lon- tions you should be asking? The key issues 29 April 2014, where the full-day don, Han van Blanken, Ship owner, Rotter- will be presented by high-powered profes- conference Perspectives in Ship- dam, John Tsatsas, LMAA Arbitrator and sionals from Wärtsilä, Alfa Laval, and pingY 2014 will focus on issues impacting Mediator, Chartered Shipbroker, Chartered ClassNK. all ship owners and help you to protect Arbitrator, London. The media role will be and develop your business. played by Julian Bray, the Editor-in-Chief Emission control regulations are fast of TradeWinds. approaching and high oil prices are set to His Excellency Sultan Ahmed Bin Sulayem, stay. Everyone is worrying about the avail- the Chairman of DP World (TBC), will The mock arbitration will have a unique ability and price of low sulphur diesel, but open the conference. He will be followed by twist – it will involve high-profile maritime what are your options? Will scrubber tech- Captain Jitendra Misra, Managing Direc- arbitrators from the world’s three main nology really work? Is there a business case tor of Emarat Maritime. The scene will be arbitration venues as listed in BIMCO’s Dis- for continuing to use heavy fuel? Is LNG set by Peter Sand, BIMCO’s Chief Shipping pute Resolution Clause, represented by Jude really a possibility, and what other fuels may Analyst, who will present a Shipping Mar- Benny, Lawyer and Maritime Arbitrator be available? In the past, everyone burnt ket Overview & Outlook. from Singapore, Bruce Harris, Maritime heavy fuel oil; the future may not be so sim- and Commercial Arbitrator from London, ple! This may be the biggest game-changer The conference will then split into two excit- and David Martowski, Arbitrator/Media- for the industry since the end of the sailing ing parallel tracks for you to choose from.
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