Latest news from Heavy Lift & Project Forwarding International Magazine

BIMCO expels ShipNext

The Baltic and International Maritime Council (BIMCO) has expelled the recently-launched Ukrainian freight and shipping trading platform ShipNext from its membership saying that it “repeatedly and falsely” claimed that BIMCO supported its platform.

According to BIMCO, it has also terminated its agreement with ShipNext that had allowed the use of BIMCO contracts on the ShipNext trading platform.

The termination follows repeated warnings by BIMCO which were ignored by ShipNext, states the organisation.

BIMCO’s secretary general and ceo, Angus Frew, said that the company has on a number of occasions claimed in marketing material that its trading platform is supported by BIMCO, claims which could compromise BIMCO’s market neutral position.

“The claims are a blatant abuse of the licensing and membership agreement that we have with ShipNext and is, in our view, a deliberate policy to mislead ShipNext’s customers. It compromises BIMCO’s position as a neutral and commercially independent association and is totally unacceptable behaviour,” added Frew.

The association has said that it has never supported nor endorsed the ShipNext system, and no longer has any formal licensing agreement with the company. The use of BIMCO standard contracts on this system is no longer permitted.

To date, a request for a response from the organisation that set up ShipNext has thus far not been forthcoming.
 

www.bimco.org

www.shipnext.com

Heavy Lift | News

Zeaborn backs technology investor thumbnail image

Zeaborn backs technology investor

December 7 - Zeaborn Group has joined Bitstone Capital and Inno Real to invest in TecPier, a new maritime technology investor.
Views: 691
BIMCO set to tackle cyber security thumbnail image

BIMCO set to tackle cyber security

December 6 - The Baltic and International Maritime Council (BIMCO) expects to publish a cyber security clause in May 2019.
Views: 617
MSC readies for additional costs from Sulphur 2020  thumbnail image

MSC readies for additional costs from Sulphur 2020 

December 6 - MSC Mediterranean Shipping Company has estimated that the various changes it is making to comply with the International Maritime Organization’s (IMO) Sulphur 2020 regulations will cost the shipping line in excess of USD2 billion per year. 
Views: 670
Ports restrict the use of scrubbers ahead of Sulphur 2020 thumbnail image

Ports restrict the use of scrubbers ahead of Sulphur 2020

December 6 - Exhaust gas cleaning systems (EGCS), more commonly referred to as scrubbers, are an accepted way to comply with the upcoming Sulphur 2020 regulations, but several ports have banned the use of open-loop scrubbers in their waters. 
Views: 992

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.