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Tuesday, December 12, 2017

Poseidon Challenge and Intercargo/Dry Bulk presentations to shipbrokers

The London branch of the Institute of Chartered Shipbrokers hosted a session this week at which presentations were given by INTERTANKO’s MD Peter Swift and INTERCARGO’s Secretary General Roger Holt.

 

In his presentation (click here to view) Swift spoke of the shipping industry’s record of steadily improving performance while society’s expectations for safe, environmentally responsible, reliable and efficient shipping are ever greater. He outlined the background and objectives of the Poseidon Challenge and the commitments it encouraged to strengthen partnerships and promote continuous improvement. At the end of his presentation he posed a series of questions:

 

  • Do we tolerate standards below the accepted "norms"?
  • Do we make the most effective use of the information available?
  • Is there a role for the Institute in developing/improving access to data?
  • Where does the broker fit in this quality challenge?

 

Holt in his presentation (click here to view) pointed out that the safety record of the bulk carrier sector had improved over the last few years but that there had been high loss of life this year due to two main incidents - one structural and the other probably (to be confirmed) engine failure in extreme weather.

 

He then went on to focus on the current rules and regulations dominating the industry and highlighted two operational/cargo-related concerns – the high loading rates of capesize bulk carriers and the safety issues relating to the shipment of DRI Fines/HBI (Direct Reduced Iron and Hot Briquette Iron). In addition, he questioned the professionalism of the drafting of certain clauses in voyage charter parties and drew attention to standard clauses which had been prepared to cover problems related to hold cleaning/residue disposal and weather routeing.

 

Contact: Peter Swift and Roger Holt