Industry Developments

Industry Developments



New IACS chairman emphasizes on flexibility and transparency

Speaking in London, new IACS Chairman, Knut Ørbeck-Nilssen, CEO of DNV GL, announced a series of initiatives designed to ensure that IACS provides the support its stakeholders need in a rapidly changing industry.

IMO Sec-Gen hails industry progress with BWM implementation

On the occasion of the BWM Convention entering into force today, 8 September 2017,  IMO Secretary-General Kitack Lim noted that this is a landmark step towards environmental protection, as it means that shipping community is now addressing what has been recognized as one of the greatest threats to the ecological and the economic well-being of the planet.


ICS calls for proper implementation of BWM Convention

Ahead of the IMO Ballast Water Management Convention entering into force on 8 September, Esben Poulsson, Chairman of the International Chamber of Shipping (ICS) has called on shipowners, equipment manufacturers and governments to co-operate to ensure that proper implementation of this new regulatory regime will deliver maximum environment benefit.

ICS: BWM Convention Compliance Comes with USD 100 Bn Price Tag

The shipping industry may collectively need to spend around USD 100 billion in order to install the new ballast water treatment systems that will be required by law in order to become compliant with the Ballast Water Management (BWM) Convention that will enter into force on September 8, 2017.

Dry bulk market continues to rally

A boost enjoyed by the dry bulk market at the beginning of the second quarter has been sustained, with the Baltic Dry Index appreciating significantly in the past few months.

Dry Bulk: The Resurgence of Coal Trade Has Sparked the Panamax Market

In its latest weekly report, shipbroker Allied Shipbroking said that “we have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost price..





Baltic Dry Index




685.00 - 1,338.00

{slider 4 September  2017 - 8 September 2017|blue|icon}





New BW initiative at Saudi Aramco ports and terminals

Inchcape Shipping Services (ISS) announced a new initiative concerning all ships from international waters  at Saudi Aramco ports and terminals. From August 16, these vessels will be required to provide a ballast water sample and report.

ASEF wins IMO consultative status approval

Asian shipyards are set to have an increasing influence over ship-construction regulation at the International Maritime Organization (IMO) after a new association was granted consultative status.


Paris, Tokyo MoUs target navigation safety

The Paris and Tokyo MoUs on port state control are launching a joint check on navigational safety this autumn.

Baltic Dry Index Tops 1,000 Points

Aug 3 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, boosted by higher rates for the larger capesize and panamax vessels.

The Iron Ore Market Is in a ‘Sweet Spot’ Right Now

The world’s biggest producer of iron ore says the industry is enjoying a Goldilocks moment with prices generating a tidy profit but not enough to lure much new supply.

China’s coal imports soar as India’s stumble

China’s imports of coal from the seaborne market surged again in July, providing a stark contrast to a fourth consecutive monthly decline for India.





Baltic Dry Index




631.00 - 1,338.00


{slider 29 July  2017 - 4 August 2017|blue|icon}



US Coast Guard preps 'E-Zero' designations

The US Coast Guard is readying new certifications to recognise shipowners for maintaining high safety and environmental standards. But only a few hundred ships may qualify for the designation.

California clarifies requirements for Ballast Water Discharge

In accordance with California Public Resources Code and California Code of Regulations, any vessel that arrives at a California port must have a ballast water using an alternative, environmentally sound method of management that has been approved by the California State Lands Commission or the US Coast Guard, as being at least as effective as ballast water exchange, using mid-ocean waters, in removing or killing non indigenous aquatic species.


Dry bulk shipping is riding the waves of industry developments, facing at the same time its own particular challenges. Time-wise these span from the imminent to longer-term ones.

In the immediate to short-term, we see the BWM (Ballast Water Management) Convention coming into force in September, and the emissions EU MRV (Monitoring, Reporting, and Verification) obligations starting August. The bunkers 0.5% Sulphur Cap has also become a short-term issue with its practically ‘tomorrow’ implementation in  2020.

IMO will soon be discussing in more detail the Greenhouse Gas Emissions roadmap, with MBMs (Market Based Measures) possible as medium-term solutions for energy & environmental sustainability. At the same time, EEDI (Efficiency Design Index) will be moving to a next phase, while the industry will embrace new construction standards, and the science of "liquefaction" will advance, improving cargo transportation safety. New technologies & digitalisation will be adopted, with the emerging themes of remote connectivity, big data, and robotics, as the Smart ship concept develops along with the associated cyber risks.

In the longer-term,  we will see new fuels, propulsion & powering, and materials innovations getting implemented, and further down the timeline even Artificial Intelligence and autonomous ships.

The above will be shaping the supply side, against a new demand landscape, after China’s current economic transformation is followed by new growth drivers, such as the One Belt One Road initiatives connecting East-to-West.

INTERCARGO touches upon all of the above developments, - as safety, operational and environmental challenges are faced with an evolving regulatory framework - the latest one being autonomous ships (see our IMO MSC 98 outcome brief), so do stay tuned and actively participate to the Secretariat’s activities -  and non-Members consider joining us!

(see also latest/indicative links about BWM, 0.5% Sulphur Cap, Greenhouse Gas Emissions, MRV, Construction standards, EEDI, Cyber riskspropulsion & powering, One Belt One Road).


Dr Kostas G. GKONIS, INTERCARGO Secretary General

The INTERCARGO Secretariat is pleased to communicate the attached open article on Ballast Water Management, providing our insights on the current relevant developments that are of major concern to the shipping community and especially to INTERCARGO members.

Re-publication / sharing in other media is welcome, citing the source and kindly notifying us at This email address is being protected from spambots. You need JavaScript enabled to view it.

FileDescriptionFile sizeCreated
Download this file (INTERCARGO_BWM_article_04_2017.pdf)INTERCARGO_BWM_article_04_2017.pdf 266 kB16-May-2017

On the 29th March 2017, DNV GL arranged a Bulk Carrier related seminar in London during which, the following presentations were delivered:

  • Update and Outlook of the Bulk Carrier market - Morten Lovstad, DNV GL
  • Chinese Newbuildings - Wei Gao, DNV GL

Both presentations can be found below (member login required)



INTERCARGO members and guests had the opportunity to attend a very interesting presentation on the Rightship Qi Predictive Model delivered by Warwick Norman, CEO of RightShip. The presentation provided much attended and very useful clarifications and insights to Qi.

The presentation was delivered in the context of the INTERCARGO meetings in Hong Kong on 6-7 March 2017 (see relevant article here) during the Presentations afternoon session on the second day.

Members please login to access the presentation.