Russia & Ukraine are 14.5% of Global Shipping Workforce

The International Chamber of Shipping (ICS), representing 80% of the worlds merchant fleet, has warned of supply chain disruption should the free movement of Ukrainian and Russian seafarers be impeded. The Seafarer Workforce Report, published in 2021 by BIMCO and ICS, reports that 1.89 million seafarers are currently operating over 74,000 vessels in the global merchant fleet. Of this total…

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BIMCO Calls for Continued Naval Support in Gulf of Guinea

According to the Danish Armed Forces, Danish frigate Esbern Snare has been involved in an incident involving suspected pirates on 24 November in the waters south of Nigeria. The Danish navy further announced that the frigate was close enough to send a team to the suspected pirates with the aim to board, but the vessel did not react when ordered…

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BIMCO Unveils SEV-GUARDCON for Security Escort Vessels

BIMCO’s Documentary Committee has approved a new standard contract for security escort vessels (SEVs). The standard is a balanced contractual framework for SEVs that accompany merchant ships in high threat areas such as the Gulf of Guinea which has recently seen a rise in piracy activity as the dry season has begun. The new contract is dubbed SEV-GUARDCON because it…

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