The Baltic Exchange has published an updated and revised Baltic Code which corrects a small number of errors in the last edition and reflects the Laytime Definitions of Charter Parties 2013 agreed upon by a working group consisting of BIMCO, the Baltic Exchange, Comitė Maritime International (CMI) and the Federation of National Associations of Shipbrokers… Read more…
The usual overcapacity, a lack of funding sources and fuel availability are all highlighted as causes for concern in Norton Rose Fulbright’s latest ‘The Way Ahead’ survey. But a lack of investment in the workforce and a diluted interest in investing in India, Latin America and, to some extent, Russia reveal more of the true colours of crisis-hit shipping companies.
Weak freight markets and a growing reliance on technology have allowed fraudulent practices to flourish in recent years. Shipping companies need to ensure that they are resilient to attacks, in whichever form they take, or risk serious financial loss as well as a crippling loss of reputation.
See the latest photos from Baltic Exchange related events by visiting our Flickr account at www.flickr.com/photos/thebaltic/sets/ Latest photos uploaded to the site include March’s Golf Dinner, Irish Night and YBA even
The Baltic Exchange Poppy Appeal 2013 raised £5,380.29 for the Royal British Legion. Sincere thanks go to everybody involved with this appeal, including all donors and collectors.
The tensions in Ukraine have the potential to weigh down heavily on the shipping industry given the country’s dominance in corn, wheat and steel exports. Carefully constructed charterparties might offer some protection for owners and operators unwittingly caught out in the area, but nothing can be taken for granted in this rapidly changing situation.