The dry bulk capesize market could be headed for rougher seas on the back of diminishing growth in demand volumes and the still growing capesize fleet, according to Bimco.

The environment, regulation and technology, and the links between all three, topped discussions at Sea Asia 2019 this week in Singapore.

Bimco maintains there is more match than clash for shipping and the environment and it’s up to the shipping industry to demonstrate what it has done, and what it is doing, to protect the environment.

Bimco will open an office in Athens early this summer with the objective is to have a stronger and closer dialogue with Bimco's Greek membership and to recruit more Greek members and provide a back-up service to the owner’s every day challenges.

Against a backdrop of a gloomy outlook for container trades Bimco analyst Peter Sand warns a failure by lines to pass increased fuel costs from the IMO 2020 sulphur cap could result in bankruptcies.

Bimco is fast-tracking its first 2020 bunker clause that could be published as early as the end of October.

Bimco and the European Community Shipowners Association (ECSA), the two leading associations representing shipowners globally and in Europe respectively, are looking at ways they can tighten their cooperation.

The bunker industry is the latest to make use of the growing application of blockchain technology in the maritime sphere with Blockchain Labs for Open Collaboration (BLOC) announcing through its subsidiary Maritime Blockchain Labs (MBL), the establishment of a consortium to address traceability and transparency in the marine fuel supply chain.

The main shipping industry trade organisations say International Maritime Organization (IMO) member states “must make” progress on key issues related to the 2020 sulphur cap.

The Posidonia 2018 conference and seminar programme have a truly international flavour being organised by companies and organisations from around the world from Brazil to France, Norway, Panama to Poland, from Mexico to Korea and Japan and from South Africa to the UK and of course Greece.

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