Shipping’s largest collective bargaining assembly, the International Bargaining Forum (IBF), is set to be concluded in Bali next week in a deal that will have a significant impact on shipowners’ costs over the coming years.

Both employers’ representatives and the International Transport Workers’ Federation (ITF) are declining to comment ahead of the final round of talks, both claiming that they do not want to affect what has already been a “fraught” series of discussions over the past seven months.

Yet,