First up, shipping industry organisation Bimco is seeking to give charterers the responsibility for the commercial effects of new Carbon Intensity Indicator (CII) regulations. The Bimco documentary committee announced the release of its new model CII time-charter clause after eight months of deliberation and just six weeks before the new regulation comes into force. Both sides were represented in the drafting of the document, but the focus is on giving the paying customer responsibility, rather than the transport service provider.
Bimco’s carbon clause; Greatest shipping bet in history; Braemar to get bigger
What has been happening in shipping this week?
Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010.