Contents

3 Message from the Chairman

5 Foreword by the Secretary General
6 INTERCARGO’s mission
8 Industry Topics
9 INTERCARGO’s work programme
10 Presence at IMO

Follow 11
12
Ukraine crisis
Cargoes

INTERCARGO
13 Design & Construction
14 Investigation of incidents

on LinkedIn and
15 Reduction of Greenhouse Gas (GHG) emissions
16 Ballast Water Management

stay updated on all

17 Piracy and Armed Robbery at sea
18 Digitalisation & Cyber Risks

matters related to
19 Human Element
20 DryBMS

dry bulk shipping

21 ESG
22 Media Releases
24 Publications & Videos
26 INTERCARGO’s Organisation & Management
27 The Annual General Meeting (AGM)
28 The Executive Committee (ExCom)
31 The Technical Committee (TechCom)
32 The Management Committee (ManCom)
34 Meetings
35 Secretariat
36 Membership evolution
37 Fleet & INTERCARGO entered ships performance
38 Membership Directory
42 Benefits to Members
44 Becoming a member
46 Contact us

Visit linkedin.com/company/intercargo

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ANNUAL REVIEW

Message from the

Chairman

The past year has certainly been a year of no- ambitious aims and objectives and we con-
table highs and lows across the shipping in- gratulate them on their hard work against a
dustry, with the dry bulk sector being no ex- backdrop of a steady increase in port state
Dimitrios J. Fafalios ception. control detention rates in all regions.
Chairman
A major talking point of the past 12 months, Our other notable annual publication is the
as has been the case for some time now, Bulk Carrier Casualty Report, which shows
is the journey to decarbonization and that despite improvements being made in
INTERCARGO welcomed the revised green- safety, liquefaction remains the greatest con-
house gas (GHG) strategy from IMO Mem- tributor to seafarer losses in dry bulk shipping.
ber States in July (MEPC80).
The message is clear – we cannot and we
We have been calling for faster acceleration should not be complacent and we must all
of green technologies and fuels for a long do more to increase safety at sea and protect
time, and so we fully support the IMO’s goal our seafarers and vessels. INTERCARGO, as
of reaching Net-Zero GHG emissions by or the voice of the dry bulk shipping sector, will
around 2050. However, we wish to stress that continue to help lead the response to these
ship owners cannot be liable for this alone events.
and we all need to share responsibility to ef-
On a less positive note, INTERCARGO re-
fectively reach this goal.
mains concerned over the safe transit of
Whilst on matters of the environment, ships exporting various agricultural and other
INTERCARGO was also pleased to welcome dry bulk products, since the cessation of the
the ratification of the Hong Kong Convention Black Sea Grain Initiative in July, which pro-
which will now enter into force in June 2025. It vided a safe corridor for vessels leaving three
marks a significant step in the industry’s drive Ukrainian ports in a bid to prevent a global
for safer and more sustainable ship recycling. food crisis.
On a positive note, INTERCARGO has We wish to stress that members should use
reached new historic highs in its membership all resources available to ensure safety of

INTERCARGO
and now represents one third of the glob- navigation for their vessels and crews as
al dry bulk fleet (in dwt) . We are very proud INTERCARGO continues to support all ef-
of this achievement and are delighted that so forts by the IMO and other international initia-

has reached new

many new members have seen the benefits tives to find a solution, so that we can protect
of joining our association, which strives to ad- the global supply chain and food security.
dress the key issues being faced in the dry
The shipping industry as a whole is amazing-
bulk sector.
ly resilient and the dry bulk/tramp sector has

historic highs in its

It was also both reassuring and pleasing to shown itself to be very responsive to geopo-
note that INTERCARGO members have con- litical developments. At INTERCARGO, we
tinued to surpass industry average perfor- will continue to work hard to tackle any chal-

membership
mance in deficiencies and detentions as lenges which come our way, to create a safer
shown in our annual Benchmarking Report. and cleaner environment for those transport-
It is a clear indication that our members are ing our cargoes around the globe.
making great efforts to help us to achieve our

September 2023
3
 Foreword by the
Secretary General

Kostas G. Gkonis, PhD INTERCARGO membership reached new historic highs during this Annual Review’s re-
Secretary General porting period (Sep 2022 – Aug 2023). We now have close to 160 companies as full mem-
bers which, together with associate members, now total 250 companies spanning 30
countries. Moreover, the number of registered ships has reached the 3,300 milestone,
corresponding to one third of the global fleet on deadweight terms.
INTECARGO has continued its work1 for the benefit of the dry bulk shipping sector and
in the service of societies at large, with its agenda addressing the key challenges faced
by our sector in serving the world’s essential needs2.
Seafarers, and their safety, remain at the forefront of our considerations. Indeed, in meet-
ing its environmental soundness objectives, our industry will need to pay particular at-
tention to its people. They will be expected to handle the new fuels and operate the new
technologies in the journey to decarbonisation.
INTERCARGO remains committed to promoting best practices and raising the quali-
ty bar above and beyond regulations. DryBMS, as a voluntary company self-assess-
ment scheme, is such an example. After all, this is all about excellence in governance
which, together with the social and environmental dimensions, encapsulate under the
ESG framework the sustainability imperatives of dry bulk shipping.
Dry Bulk. Essential. Sustainably.

Dry Bulk.
Essential. 1 Monthly accounts of our Secretariat’s activities are available at

Sustainably.
https://www.intercargo.org/2023-monthly-updates-of-secretariat-activities/
2 Please visit INTERCARGO’s YouTube channel to view our video
productions https://bit.ly/3ASGtIe

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 ANNUAL REVIEW

INTERCARGO’s Μission

INTERCARGO is committed to safety

The International Association of Dry Cargo Shipowners (INTERCARGO)
unites and promotes quality dry bulk shipping, bringing together 250

and quality in ship operations, with a

forward thinking companies from 30 countries.
INTERCARGO convened for the first time in 1980 in London and has
focus on operational efficiency been participating with consultative status at the International Maritime
Organization (IMO) since 1993.
and the protection of the marine INTERCARGO provides the forum where dry bulk shipowners, managers

environment
and operators are informed about, discuss, and share concerns on key
topics and regulatory challenges, especially in relation to safety, the
environment, and operational excellence. The Association takes forward its
members’ positions to IMO, as well as to other shipping and international
industry fora, having free and fair competition as a principle.

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INTERCARGO’s work programme

TOPICS INTERCARGO works to ensure a safe, efficient,

high quality and environmentally friendly dry bulk
shipping industry.

In addition to addressing unique issues spondence groups, and its consultative reporting on specific operational as-
affecting the dry bulk sector, INTERCAR- status at International Maritime Organi- pects to assess problems related to
GO also focuses on a number of impor- zation (IMO) deliberations enable mem- terminals and loading/unloading at an-
tant topics which are of broader concern bers to gain access to cross-industry chorage.
to international shipping as a whole. The sources of knowledge and engage in
INTERCARGO’s activities are also di-
role of INTERCARGO is to explore them drafting strategy for both the dry bulk
rected towards challenges and issues
from the perspective of dry bulk shipping, and the wider shipping industry.
of interest to its membership that go
bringing forward solutions that corre-
Members can use INTERCARGO as beyond specific items of its work pro-
spond to the special characteristics and
an information and experience-sharing gramme, such as the development of a
needs of the dry bulk sector.
hub across all of the topics in its work quality self-assessment scheme for the
INTERCARGO’s participation in interna- programme. On an ongoing basis they dry bulk sector.
tional fora, industry working and corre- can also use INTERCARGO’s internal

Monthly accounts of the Secretariat’s activities can be referred to at

https://www.intercargo.org/2023-monthly-updates-of-secretariat-activities/.

SAFETY – SECURITY ENVIRONMENT – QUALITY REGULATION

Cargoes, “Liquefaction” Ballast Water International Maritime

Organisation (IMO)
Design & Construction, Coatings
Machinery & Operations Other Legislation
Emissions
Class & Statutory Rules Miscellaneous Issues
Green House Gas - CO2
Cargo Gear emissions
Hatch Covers Sulphur Cap, SOx and Par-
ticulate Matter (PM) emis-
Loading Rates
sions
Incidents & Casualties
Other emissions (NOx,
Life Saving Black Carbon)
Piracy Ports & Terminals
Cyber Risks Reception Facilities
Port State Control
& Transparency
Corruption, Criminalisation
Training, Manpower
& Human Element

For more information on each topic please visit intercargo.org

and navigate TOPICS in the main menu.

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Presence at IMO For an overview of INTERCARGO’s latest updates in relation to IMO please Ukraine Crisis For more information on this topic please visit:
https://www.intercargo.org/ukraine-crisis-updates/
visit www.intercargo.org/topics/imo

INTERCARGO has The latest position papers / submissions to IMO (co-) sponsored by The establishment of safe Since the Russian invasion of Ukraine in February 2022,
INTERCARGO are as below INTERCARGO has actively participated in an industry task
been participating with corridors for shipping force formed to gather information and to share experienc-
consultative status 2023 so far 2022 necessitated by the Russian es and valuable data with ship operators. This has sup-
ported INTERCARGO members in making informed deci-
at the International invasion of Ukraine in February sions regarding operations in and around the Black Sea
18 submissions in total to: 22 submissions in total to:
Maritime Organization • the Marine Environment • the Council’s 35th extraordinary 2022 went some way to alleviate and the Sea of Azov. In July 2022 a diplomatic agreement
established safe corridors for shipping grain from the key
(IMO) since 1993. Protection Committee 80th session (C/ES.35), 10-11 March the crisis surrounding grain Ukrainian ports of Odessa, Chernomorsk and Yuzhny.
session (MEPC 80), 3-7 July 2022
2023 • the Editorial & Technical Group’s shipments from the Ukrainian This agreement, initially for 120 days, was further renewed
in November 2022 and remained in place until July 2023
• the Sub-Committee on IMO 36th session (E&T 36), 7-11 ports of Odessa, Chernomorsk when regrettably Russia chose to withdraw its co-opera-
Instruments (III 9), 31 July – 4 March 2022
August 2023 • the Intersessional Working and Yuzhny but regrettably tion and the deal expired. Subsequent to the expiry of the
international agreement, the Ukrainian Government has es-
• the Sub-Committee on Cargo Group Meeting On Reduction Russia withdrew its tablished its own route by announcing a “humanitarian cor-
Carriage and Containers (CCC Of GHG Emissions From Ships
9), 20-29 September 2023 (ISWG-GHG 12), 16-20 May co-operation in July 2023. ridor” hugging the western Black Sea coast near Romania
and Bulgaria. This route has so far been used to evacuate
2022
vessels previously stranded in Ukrainian ports and has al-
As listed at • the Marine Environment
so restarted the export of grain cargoes. INTERCARGO
https://www.intercargo.org/intercar- Protection Committee 78th
continues to monitor the ongoing situation for the benefit
go-submissions-to-imo-in-2023/ session (MEPC 78), 6-10 June
of members. Please also refer to INTERCARGO’s relevant
2022
public communications:
• the Sub-Committee on IMO
Instruments (III 8), 25-29 July • July 21, 2023: “INTERCARGO Statement on Black Sea
2022 Grain Initiative”
• the Sub-Committee on Carriage
• March 9, 2023: “INTERCARGO Statement on Black
of Cargoes and Containers
Sea Grain Initiative”
(CCC 8), 14-23 September 2022
• the Maritime Safety Committee • February 20, 2023 (Joint): “Shipping industry call for
(MSC 106), 2-11 November 2022 help to evacuate the 300+ seafarers still trapped in
• the Marine Environment Ukraine ports”
Protection Committee 79th
session (MEPC 79), 12-16
December 2022

As listed at
https://www.intercargo.org/
intercargo-submissions-to-imo-
in-2022/

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Cargoes For more information on this topic, please visit Design & Construction For more information on this topic please visit:
https://www.intercargo.org/topics/cargoes-liquefaction/ https://www.intercargo.org/topics/design/

The safe carriage of cargoes The International Maritime Solid Bulk Cargoes (IMSBC) Code,
which stipulates the carriage requirements for cargoes, clearly
INTERCARGO actively monitors The Common Structural Rules (CSR) for Bulk Carriers and
Oil Tankers conform with SOLAS Regulation II-1/3-10, Goal-
is the cornerstone of the bulk lays out the responsibilities of the various stakeholders in the the development of rules and based ship construction standards for bulk carriers and oil
carrier industry and yet not all distribution chain, including the specific information about the
cargo that should be provided to the Master. It is INTERCAR-
guidelines for bulk carriers and tankers, and thus provide a defined minimum level of safety
in terms of vessel design and construction.
stakeholders are fulfilling their GO’s firm belief that some shippers/receivers continue to, ei- associated on-board equipment Part of the maintenance and further development of the
obligations to ensure that Masters ther deliberately or due to lack of competence, mis-declare
cargoes with tragic consequences.
on a continuous basis, with CSR includes periodic rule changes that usually occur year-
and crews are provided with the INTERCARGO is particularly concerned with Group A car-
a particular emphasis on the ly and INTERCARGO takes an active role in the rule change
process.
necessary information to enable goes, these being cargoes that may undergo a moisture-relat- Common Structural Rules Bulk Prior to making any rule change, IACS releases Rule Change
cargoes to be shipped safely. ed cargo failure mechanism such as liquefaction and dynamic
separation. Our recent Bulk Carrier Casualty Report high-
Carriers and Oil Tankers. Proposals for industry review. For the past several years IN-
TERCARGO has performed an in-depth review of the Rule
lights the impact that liquefaction has on bulk carrier losses
Change Proposals and provided feedback to IACS, with
and seafarer deaths.
the most recent review having taken place over the Spring/
INTERCARGO takes an active role at the IMO and other fora to Summer of 2023.
highlight the dangers of liquefaction and to promote the safe
In addition to involvement with the CSR, INTERCARGO’s
carriage of cargoes. To assist the Association’s work, INTER-
Secretariat and members of the Management Committee sit
CARGO’s Cargo Panel considers various cargo-related mat-
on a number of the individual Class Societies’ committees
ters, including liquefaction, and advises the Technical Com-
and provide input to other Class Rules related to the design
mittee accordingly. Members who wish to participate in
and construction of ships, with an emphasis on those mat-
this group should contact the Secretariat.
ters related to bulkers.

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Investigation of incidents For more information on this topic please visit: Reduction of greenhouse For more information, please visit:
http://www.intercargo.org/news/topics/emissions
https://www.intercargo.org/topics/cargoes-liquefaction/
gas (GHG) emissions

Dry bulk ships are at the very heart of global trade. There is a clear trend
of improved safety and declining ship losses at a time of fleet growth.
Improved safety is largely thanks to constant learning, better crew
training, improved ship design, new technology and stronger regulatory
compliance. Sadly, major incidents involving loss of life still occur: there
is no room for complacency.

INTERCARGO is determined to help lead the response to

these events, working with its members and industry stake-
holders, to do all possible to learn and protect the lives of
the brave men and women who crew bulk carriers.
Every year, the INTERCARGO Bulk Carrier Casualty Report
provides an analysis of casualty statistics covering the pre-
vious 10 years. During the 10-year period from 2013 to 2022,
it was reported that 26 bulk carriers over 10,000 deadweight
tonnage (dwt) were lost, resulting in the death of 104 seafar-
INTERCARGO fully supports the Shipping is so global, that only a truly global regulator such
as the International Maritime Organization can provide the
ers. An analysis of these incidents highlights cargo liquefac- IMO’s ambition to achieve net zero level playing field needed for this diverse industry and all the
tion and groundings as the major causes.
emission shipping by or around nations it serves. The ambition to achieve net zero emis-
sion shipping requires urgent acceleration in the develop-
Ship loss statistics between 2013 and 2022 suggest a clear
improvement in terms of the number of annual losses of
2050, however, the challenges ment of green technologies, propulsion systems, fuels and
bulk carriers versus the total number of bulk carriers in the ahead are huge and the time left related infrastructure and “Green Hub”, along with mecha-
nisms, including the industry’s proposed levy-based eco-
global fleet. The bulk carrier industry has seen a welcome
long-term positive safety trend in recent years.
to achieve them very limited. nomic measure, which would allow the transition to net ze-

However, there is no room for complacency, the indus-

Collaboration and action by all ro carbon shipping.

try should constantly seek to improve cargo safety and safe stakeholders in the maritime dry In order to build a realistic pathway to net zero emissions
and achieve the milestones for 2030 and 2040 included in
navigation, to avoid cargo liquefaction and ship grounding.
cargo chain is vital the IMO’s strategy, challenges must be dealt with holistical-
Timely and accurate flag state reports of casualties are vi- ly by the entire supply chain and we must all share responsi-
tal. Ultimately, existing SOLAS, MARPOL, LOADLINE, IMS- Please also refer to INTERCARGO’s relevant public communi- bility. A wide spectrum of stakeholders including shipyards,
BC Codes and Conventions should be modified if it can be cations over the last 12 months engine builders, technology providers, charterers, ports,
clearly shown that crew lives can be saved. (https://www.intercargo.org/news/category/media-releases/) : terminals, cargo shippers and receivers, banks, and insur-
It is the intention of INTERCARGO to continue to work tire- July 7, 2023: INTERCARGO Statement on IMO GHG Strategy ers must play their part on this joint journey to a greener fu-
lessly with all stakeholders in order to improve bulk carri- ture. It is also critical that governments across the globe
June 30, 2023: INTERCARGO statement: IMO’s mid-term de- must now assume their responsibilities in practice, in order
er safety and to strive for zero losses of seafarers and zero carbonisation measures should be simple and effective
losses of dry bulk ships. to enable shipping to decarbonise successfully, developing
June 2, 2023: “Don’t regulate shipping in isolation warns IN- the necessary infrastructure to ensure availability of low/ze-
TERCARGO as members meet in Dubai” ro carbon fuels in ports around the world.

December 7, 2022: “INTERCARGO Statement on IMO Decar-

bonisation Ambitions, Medium-Term Measures and Carbon
Intensity Indicators”

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Ballast Water Management For more information on this topic please visit:
intercargo.org/topics/ballast
Piracy For more information on this topic please visit:
intercargo.org/topics/piracy
and Armed Robbery at Sea

Be aware of the sea areas and

ports affected by piracy and
armed robbery. Report all attacks
and suspicious sightings to local
authorities as per IMO circular
MSC.1/Circ.1334 and to relevant
Navy’s reporting centres if
practical.

The International Involving new regulations and the fitting and operation of According to information made available in IMO’s GISIS ing the latest maritime security information from organisa-
equipment that had previously not been used on ships , the module, 131 incidents of piracy and armed robbery against tions supporting the Voluntary Reporting Area (VRA). Best
Convention for the Control implementation of the Convention has, unsurprisingly, led to ships were reported as having occurred or been attempt- Management Practices 5 (BMP5) will continue to provide
and Management of a number of challenges. ed in 2022. The areas most affected included the Straits the necessary guidance for shipping to ensure that threat
of Malacca and Singapore (72), West Africa (21), and South and risk assessments are developed for every voyage to
Ships’ Ballast Water and These especially relate to the performance of ballast water
America (Pacific) (14), followed by Indian Ocean (9), South mitigate the risks presented by remaining security threats
treatment systems, the operating conditions and locations
Sediments (Ballast Water of vessels, and the global coverage of technical support for
America (Atlantic) (6), South America (Caribbean) (4), South in the relevant region.
China Sea (4) and Arabian Sea (1).
Convention) entered into the systems involved. It is important to note that while ships The shipping industry maintains a Maritime Global Se-
are certified for global trade, many of the available systems The number of incidents that took place in the Gulf of Guin- curity Website. The site contains guidance and external
force on 8th September, are not certified or able to perform in all locations and con- ea (West Africa) decreased in 2022 by 17 compared to the links, and the site is navigated using the drop-down menus
2017. ditions that vessels may trade in, and this is particularly true same period in 2021, when 38 incidents were reported. specifying the type of risk/issue, or the geography. Interna-
for the bulk carrier fleet. This constitutes a decrease of 45%. However, turning to tional shipping industry associations including INTERCAR-
2023, three very serious hijacking incidents were report- GO have joined forces to continue updating this resource.
INTERCARGO has co-sponsored a number of papers to
ed with 15 crew members being kidnapped in the region. (https://www.maritimeglobalsecurity.org).
IMO on the Convention Review, in particular on challenging
The Navy reporting office MDAT-GOG advised mariners
water quality. It is hoped these ongoing discussions at the
to exercise caution when transiting this area and register
IMO will also play a part in solving some of the other ballast
with the MDAT-GOG as early as possible before entering
water management issues faced by ship operators.
this region, also updating MDAT-GOG on their position fre-
It is also important that we have an holistic approach to quently to receive timely advice and alerts.
regulation. Shipping is on a journey to decarbonise, which
Reports showed that a total of 59 incidents were reported
in the short term to mid-term will mean finding efficiencies
in Asia during January-June 2023. No piracy incident was
and, ultimately, using less power. However, regulations such
reported during this period.
as the Ballast Water Management Convention effectively re-
quire vessels to use more power and thus produce more The shipping industry will continue to monitor and advise
emissions, meaning that one environmental regulation can on maritime security threats to assist the safe transit of ves-
potentially have a negative effect on another. The regula- sels and the seafarers who crew them. Pre-voyage threat
tors should recognise the consequences of all regulations and risk assessments should still be carried out consider-
and how they may impact each other.

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Digitalisation & Cyber Risks For more information on this topic please visit:
intercargo.org/topics/cyberisks
Ηuman Element For more information on this topic please visit:
intercargo.org/topics/training/

The Human Element Industry Group (HEIG)

In realising the benefit of improving INTERCARGO continues to participate in the HEIG, which
ship efficiency, partly driven by was established in conjunction with the IMO to facilitate in-
dustry input into various IMO initiatives of which our interest
cost reduction, and partly meeting has predominantly related to issues involving hazards asso-
market expectation of shipping’s ciated with Enclosed Space Entry.

decarbonisation goals, many bulk During 2022 and 2023, the HEIG has been looking closely at
how time pressure affects the safety of personnel engaged
carrier shipowners are increasing in enclosed space entry and has been making recommen-
their effort to explore new ways dations to the IMO with a view to revising IMO Resolution A
1050 (27),which was adopted in 2011 concerning recommen-
of digitalising every operational dations for entering enclosed spaces.
aspect, while closely keeping pace The HEIG proposals were to be discussed at the IMO CCC 9
with all the links of the supply chain meeting in September 2023.

to make the digitalisation process The Human element Advisory Group (HEAG)
This group, led by the UK Maritime and Coastguard Agen-
and information system secure and cy (MCA), has been in place since late 2020 and is charged
resilient. with working with industry to look at ‘safety culture’ within the
shipping industry.
INTERCARGO continues to support this activity through ac-
tive participation in the routine meetings of the group which,
to date, has been considering changes to the Code of Safe
The shipping industry is firmly stepping up on its digital trans- • IMO circular MSC-FAL.1/Circ.3/Rev.1, with high-level Working Practices, Leading for Safety and other relevant
formation, pursuing the aspiration of decarbonisation, and recommendations to safeguard emerging cyber threats MCA publications.
preparing for new developments, such as autonomous nav- and vulnerabilities and include functional elements that
Together in Safety
igation. It is not an isolated strive for bulk carrier shipowners support effective cyber risk management.
INTERCARGO is a proud supporter of the ‘Together in Safe-
to make full use of digitalisation. The shipbuilding industry
• The Guidelines on Cyber Security Onboard Ships ver- ty’ initiative. Together in Safety is a non-regulatory industry
has been on a similar path to build a new digital ecosys-
sion 4, jointly developed by BIMCO, INTERCARGO et al. consortium connecting the maritime sector to improve safe-
tem, upgrading every necessary process through the appli-
ty performance.
cation of new technologies and enhancement of information • Voluntary cyber risk management guidelines to manage
sharing, with full participation of stakeholders in the building the cyber risks associated with the shipboard OT sys- Please read about it at https://www.intercargo.org/
practices. tems, developed by Singapore, in collaboration with the intercargo-is-a-proud-supporter-of-together-in-safety/
Singapore University of Technology and Design.
Equipment manufacturers are benchmarking themselves
with the most advanced efficiency and safety improvement • IAPH Cybersecurity Guidelines for Ports and Port Facilities.
initiatives towards informatisation, digitalisation intelligence
• IACS Rec.166 - Cyber Resilience.
and autonomy. Class Societies are developing new unified
requirements on cyber systems to raise the defence against • IACS Rec.171 on incorporating cyber risk management
cyber risks. Port and terminal sectors will implement the into Safety Management Systems, to support ship own-
“Maritime Single Window” from 2024. ers for successful compliance with cybersecurity re-
quirements in the operational phase.
Shipowners are adapting too by introducing digital monitor-
ing technology and supporting software to ensure network IACS has published new Unified Requirements (URs) for cy-
security, while charterers have added cyber risk manage- ber security, including:
ment to their checklist. (i) UR E26 on cyber resilience of ships for shipyards/integra-
Progressing digital transformation to manage and improve tors to demonstrate compliance, and
ship’s supervision systems and their efficiency and safety, the (ii) UR E27 on cyber resilience of onboard systems and equip-
bottom line is the implementation of IMO resolution Maritime ment for product suppliers to demonstrate compliance with
Cyber Risk Management in Safety Management Systems cyber security requirements, to be mandatory for classed
(res MSC.428(98)). Other relevant frameworks to achieve op- ships for construction on or after 1 January 2024.
erational resilience to cyber risks for ships in service include:

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DryBMS – a quality self-assessment For more information ESG For more information, please refer to
https://www.intercargo.org/about-esg/
on this topic please visit:
scheme for the global dry bulk industry intercargo.org/drybms/

INTERCARGO and RightShip are INTERCARGO has continued to

founding partners of DryBMS, a look into the Environmental, Social,
quality standard for the dry bulk and Governance (ESG) agenda as a
sector. Safety, environmental strategic consideration.
and operational excellence are
promoted through company self-
assessment against established
industry key performance
indicators and performance
benchmarks. Indeed, the Association’s work programme and the dry bulk
shipping sector closely relate to these critical dimensions.
The work of INTERCARGO on environmental soundness,
During the course of 2022/2023, INTERCARGO, along with the importance of seafarers being centrestage in the safe-
RightShip, has continued to work on the implementation of ty imperative, and best practices and DryBMS as drivers of
the DryBMS self-assessment scheme with an emphasis on governance excellence are all indicative examples.
its governance and administration. Ongoing dialogue be-
INTERCARGO has been a proud supporter of the ESG
tween the co-founders has been an essential part of the
Shipping Awards since their inception in 2023.
development process of a management structure which, it
https://www.intercargo.org/esg-shipping-awards/
is envisaged, will manage the day-to-day operation of Dry-
BMS going forward. For an overview of INTERCARGO’s work in relation to the
UN Sustainable Development Goals (UN SDGs), please
The current work programme involves the establishment of
watch our Association’s videos on “Dry Bulk Shipping: Sus-
a pilot scheme to test the user interfaces with the approved
tainably serving the world’s essential needs:
software and hosting platform and to ensure all protocols
are effective and fit for purpose. This part of the project, in- https://www.intercargo.org/video-2020
tegral to DryBMS going live is anticipated to take place dur- https://www.intercargo.org/video-2021/
ing Q4 2023.

SADOR
AS 20
B 2
M

3
20 21
 ANNUAL REVIEW

MEDIA RELEASES/
A complete list can be found at: Follow INTERCARGO on LinkedIn at:
intercargo.org/news/category/media-releases www.linkedin.com/company/intercargo

PUBLIC
COMMUNICATIONS September 29, 2022 “World Maritime Day Message Must Extend Beyond the
Boundaries of Shipping, says INTERCARGO”

November 29, 2022 “Singapore Welcomes INTERCARGO Members from Around the
World”

December 7, 2022 “INTERCARGO Statement on IMO Decarbonisation Ambitions,

Medium-Term Measures and Carbon Intensity Indicators”

February 20, 2023 (Joint) “Shipping industry call for help to evacuate the
300+ seafarers still trapped in Ukraine ports”

February 22, 2023 (Joint) “Round Table prioritises Seafarers at first

in-person meeting since COVID”

March 9, 2023 “INTERCARGO Statement on Black Sea Grain Initiative”

May 22, 2023 “INTERCARGO reaches membership milestone”

June 2, 2023 “Don’t regulate shipping in isolation warns INTERCARGO as

members meet in Dubai”

June 12, 2023 “INTERCARGO members surpass industry average performance

in both deficiencies and detentions”

June 23, 2023 “2023 Day of the Seafarer focuses on environment

commitment”

June 29, 2023 “INTERCARGO welcomes ratification of Hong Kong

Convention”

June 30, 2023 “IMO’s mid-term decarbonisation measures should be simple

and effective”

July 7, 2023 “INTERCARGO Statement on IMO GHG Strategy”

July 21, 2023 “INTERCARGO Statement on Black Sea Grain Initiative”

July 28, 2023 “INTERCARGO warns against complacency as liquefaction

remains greatest contributor to deaths in dry bulk
Stay up-to-date with the sector”
latest news concerning
INTERCARGO at:
www.intercargo.org 23
 ANNUAL REVIEW

Publications Joint / Supported Publications

Bulk Carrier
Casualty Report
Years 2013 to 2022 and trends

www.intercargo.org | [email protected]
1

Benchmarking Report Bulk Carrier Casualty Report Annual Review 2021–2022 The special anniversary The Guidelines on Cyber Bulk Carrier Ventilation
2022 – 2023 2013–2022 publication “INTERCARGO Security onboard Ships Guide
The Benchmarking Report provides an The Casualty Report provides an The 2021-2022 Annual Review outlines – The First 40 Years” had INTERCARGO together with BIM- Proper ventilation is essential to
analysis of deficiencies and detention analysis of reported bulk carrier the activities of our Association for been sponsored by our CO, Chamber of Shipping of Ameri- preventing damage to the cargo
rates across a wide spectrum of reporting losses during the most recent the period September 2021 to August Association in view of its ca, Digital Containership Association, and to ensure the safety of the crew
categories allowing members to compare ten-year period. 2022 anniversary Interferry, ICS, InterManager, INTER- and vessel in bulk carriers. To pro-
their operations with their peer group and TANKO, IMCA, IUMI, OCIMF, Su- vide ship’s masters and crew with
also with industry as a whole. peryacht Builders Association, and an understanding of different ven-
WSC produced and supported the tilation requirements for bulk car-
fourth edition of the Industry Guide- goes, INTERCARGO, The Stand-
lines on Cyber Security Onboard ard Club and DNV have launched
Ships. a ventilation guide.

 More information about the latest and  Please visit:  Please visit:  Please visit:  Please visit:
previous benchmarking Bulk Carriers
 Please visit:
intercargo.org/bulk-carri- intercargo.org/annual-review-2021-2022/ intercargo.org/first-forty-years/ intercargo.org/guidelines-cyber-secu-
reports can be found at: intercargo.org/new-bulk-carrier-venti-
er-casualty-report-2013-2022/ rity-onboard-ships/
intercargo.org/about/benchmarking/ lation-guide/

Information about other cosponsored and older publications can be found at:
intercargo.org/news/publications

2021 Dry Bulk Shipping video: “Sustainably 2020 Dry Bulk Shipping video: “Sustainably
serving the world’s essential needs” serving the world’s essential needs”

INTERCARGO updated its last year’s video production on In 2020 INTERCARGO produced a video to stress
the importance of Dry Bulk shipping to the world.
the importance of Dry Bulk shipping to the world.

 To watch the 2021 video please visit:  To watch the 2020 video please visit:
intercargo.org/video-2021 intercargo.org/video-2020/

24 25
 ANNUAL REVIEW

INTERCARGO’s INTERCARGO’s Constitution is available at: The Annual General Meeting (AGM) Please refer to Section 6

Organisation & Management intercargo.org/constitution of INTERCARGO’s Constitution for details.

An AGM convenes once a year in the second half of the Membership Year.

The purpose of the AGM is, among others, to approve or decline:

• The setting of Annual Membership Fees

• The financial status of INTERCARGO
• The election of the Chairman and Vice-Chairmen – as applicable
• Activities and membership during the preceding year
• The setting of objectives for the future.

The Association is
governed by its Constitution
setting as Objectives:
“INTERCARGO and its members commit themselves to a safe, efficient, high quality and en-
vironmentally-friendly dry cargo shipping industry. INTERCARGO considers that free and fair
competition in the shipping industry is of fundamental value and this serves as its prime princi-
ple. INTERCARGO aims to create strategies to enhance the interests of its members for the ben-
efit of the dry cargo shipping industry.”
26 27
 ANNUAL REVIEW

The Executive Committee Please refer to Section 11 ExCom Mr Nikolaos Chlapoutakis Adelfia Navigation S.A.

(ExCom) of INTERCARGO’s Constitution for details.

Members
Capt Dimitrios Mattheou
Mr Basil Sakellis
Aegean Bulk Co Ltd
Alassia Newships Management Inc
Mr Vasilios Peponis Alios Bulkers Ltd
Mr Costas Chrysostomidis Angelakos (Hellas) S.A.
The list of Mr Zhu Yaofan Asian Eagle Shipping Limited

the Executive Mr Panos Zachariadis Atlantic Bulk Carriers Management Ltd

Capt Firoze Mirza Bernhard Schulte Shipmanagement
The Executive Committee is formed to assist the Management Committee and discusses INTERCARGO’s activities, future actions, Committee Mr Nikos Apodiakos Blue Planet Shipping Ltd
and objectives. members as of Mr Stavros Meidanis Capital-Executive Ship Management Corp.
One representative of any Full Member is eligible for membership of the Executive Committee at any time. Any resolutions proposed
31 August 2023 Capt Evangelos P. Liadis Carras (Hellas) S.A.
at an Executive Committee meeting will be passed, whenever possible, by consensus. In the event that this is not possible, voting will
take place by a show of hands by majority of Full Members present. was as follows: Capt Kostas Koukoutsas Century Bulk Carriers Management Co.
Capt Zhengzhi Sun Cetus Maritime (Shanghai) Ltd
Two Executive Committee meetings normally take place in each calendar year.
Mr Antonios Faraklas Charterwell Maritime S.A.
Capt Amit Bhargava Chellaram Shipping (Hong Kong) Ltd
(Alphabetical listing
Mr Costas Karagiannides Chronos Shipping Co. Ltd
by company name)
Mr George A. Papagiannopoulos Common Progress Co NA S.A.
Mr Jinsong Gu COSCO Shipping Bulk Co. Ltd
Mr Spyridon Tarasis (ex-officio)
Vice-Chairman
Mr Nicholas Hatjiyiannis Cyprus Sea Lines
Mr Michalis Dalacouras Dalex Shipping Co S.A.
Mr Emanuele d’Amico d'Amico Societa di Navigazione S.p.A.
Mr Ioannis Pateras Diana Shipping Services S.A.
Mr Thanassis J Martinos Eastern Mediterranean Maritime
Mr Stephanos Betsikas Efnav Company Ltd
Mr Eleftherios Makaris EFShipping Company S.A.
Capt Rishi Nyati Emarat Maritime LLC
Mr Nikolaos Arkadis Empire Bulkers Ltd
Mr Basil Logothetis Empros Lines Shipping Co.
Mr George Sarris Enterprises Shipping and Trading S.A.
Mr Leontios Pitaoulis Equinox Maritime Ltd
Mr Aristides Pittas Eurobulk Ltd
Mr Dimitrios Fafalios (ex-officio) Fafalios Shipping S.A.
Chairman
Capt Ranvijay S. Rana Fleet Management Ltd
Mr Nicolas A Frangistas Franco Compania Naviera S.A.
Mr Steve C Vassilakis Genco Shipping & Trading Limited
Capt Dionyssios S. Globus Shipmanagement Corp.
Kalamatianos
Mr George N Gabriel Golden Union Shipping Co S.A.
Mr George Rizopoulos Gourdomichalis Maritime S.A.
Mr Dimitrios Leventakis Grecomar Shipping Agencies Ltd
Mr James Warwick Hadley Shipping Group Ltd
Mr Alexander Burchard Harren Bulkers GmbH & Co. KG
Mr Ding Lei Hong Kong Ming Wah Shipping Co., Ltd
Mr Fotis Dalmyras Hydroussa Navigation Ltd (ex Andriaki)
Capt Spyros A. Grammenos Iblea Ship Management Ltd
Mr Tae Kyun Kim IMC Shipping Co PTE Ltd
Mr Alan Tung Island Navigation Corporation International Ltd

28 29
 ANNUAL REVIEW

Mr Ryo Kato K Line Bulk Shipping (UK) Limited

Mr Antonis Pappadakis Kassian Maritime Navigation Agency Ltd The Technical Committee
Ms Kalli A. Livanos Kyla Shipping & Trading Corp. (TechCom)
Mr George Lozos Laskaridis Maritime
Ms Catherine Prifti Laskaridis Shipping Co Ltd
Mr Petros Monogios Lemissoler Navigation Co. Ltd Comprised of Full Mem- Mr Panos Zachariadis Atlantic Bulk Carriers Management Ltd
Mr Thomas Keenan (ex-officio) Liberty Maritime Corporation bers, the Technical Commit- Mr Nicolas Vaporis Capital Ship Management Corp
Technical Committee Chairman
tee supports the Executive Mr Evangelos P Liadis Carras (Hellas) S.A.
Mr Philip J Shapiro Liberty Maritime Corporation
Committee and Management Mr Antonios Faraklas Charterwell Maritime S.A.
Mr Yannis Voulgaris Load Line Marine S.A.
Committee by providing ex- Mr Nicholas A Kydoniefs Chios Navigation (Hellas) Ltd
Capt Babis Kouvakas Maran Dry Management Inc
pertise on technical matters Mr Ioannis Fasoulis Costamare Shipping
Mr George Margaronis Marla Dry Bulk Shipmanagement Inc
related to INTERCARGO Mr Nicholas Hatjiyiannis Cyprus Sea Lines
Mr Andy Dacy Meridian Holdings Limited
Mr Cesare D’Apì d’Amico Societa Di Navigazione S.p.A
Mr Sokratis Dimakopoulos Minerva Dry Inc.
Mr Spyros M Prekas Diligent Holdings
Ms Katerina Maroudi Minoa Marine Limited
Mr Evangelos Candiotis Enterprises Shipping & Trading S.A
Capt Panagiotis Papazoglou
Mrs Metaxia Psalti
Navarone S.A.
Neda Maritime Agency Co. Ltd
TechCom Mr Leontios Pitaoulis Equinox Maritime Ltd
Mr Leonidas Zogopoulos Eurobulk Ltd
Mr George Kriezis Neptune Dry Management Company Members Mr Dimitris Fafalios Fafalios Shipping S.A.
Capt Akira Kubomoto NYK Line
Mr Sunil Kapoor Fleet Management Ltd
Mr Vassilis Doussopoulos Oldendorff Carriers GmbH & Co. KG
Mr Nikos Benetis Greenheart Management Company Ltd
Mr Loucas Hamatsos Olympia Ocean Carriers Ltd
The Technical Mr Jan Øivind Svardal Grieg Star A.S.
Mr Michael Adamis Omicron Ship Management Inc
Capt Uttam Kumar Jaiswal (ex-officio) Pacific Basin Shipping (HK) Ltd Committee, as Mr Sunit Das Hadley Shipping Group Ltd
Mr Shiwei Zhang Hong Kong Ming Wah Shipping Co. Ltd
Vice-Chairman
of 31 August Mr Mingfa Liu IMC Shipping Co. Pte. Inc
Mr Hor Weng Yew Pacific Carriers Ltd
Capt Yasar Biber Pasifik Gemi Isletmeciligi ve Ticaret A.S.
2023, comprised Mr Demetris Vlassopoulos Ionic Shipping (Mgt) Inc

Mr George D Gourdomichalis Phoenix Shipping & Trading S.A. of the following Mr Brett Mcelligott island View Shipping
Mr Georgi Yorgakiev K Line Bulk Shipping (UK) Ltd
Mr Dimitris N Monioudis Rethymnis & Kulukundis Ltd members: Mr George LIVANOS Kyla Shipping and Trading Corp
TechCom Vice-Chairman
(Alphabetical listing
Mr Panagiotis Koutris ROKS Maritime Inc. Ms Catherine Prifti Laskaridis Shipping Co. Ltd
by company name)
Mr N. Inglessis Samos Steamship Co. Mr Thomas Keenan Liberty Maritime Corporation
Chairman
Mr Atsuo Inoue Sandigan Ship Services
Mr Ioannis D. Tsalavoutas Maran Dry Management Inc
Mr Dimitrios Marinos Seastar Chartering Ltd
Mr Christos Kottas v
Mr Stamatis Tsantanis Seanergy Management Corp.
Mr Sokratis Dimakopoulos Minerva Dry Inc.
Capt George Chondronikolas Spring Marine Bulk S.A.
Mr Motonao Tsuchizawa Mitsui O.S.K. Lines Ltd
Mr Zenon Kleopas Starbulk S.A.
Mr George Thanopoulos Neda Maritime Agency Co. Ltd
Capt John Vlatas Super-Eco Bulkers Management Inc
Mr George Kriezis Neptune Dry Management Company
Mr Stuart Jones Swire Shipping Pte Ltd
Mr Yasushi Yamamoto NYK Line
Capt P H Shivaram Synergy Marine Group
Mr Paul Jeffrey Oldendorff Carriers S.A.
Mr Kevin Leach-Smith Taylor Maritime (HK) Limited
Mr Loucas Hamatsos Olympia Ocean Carriers Ltd
Mr Nikolaos G. Tattos Trade Fortune Inc.
Mr Michael P Adamis Omicron Ship Management Inc
Mrs Elpida Hadjioannou Team Fuel Corp.
Mr H. Bhave Pacific Basin Shipping (HK) Ltd
Mr Panagiotis Fasilis Technomar Shipping Inc.
Mr Konstantinos Stavrakis Phoenix Shipping & Trading S.A.
Mr Ziad Nachleh Teo Shipping Corporation
Mr Dimitris N Monioudis Rethymnis & Kulukundis Ltd
Mr Antonios Palios Third Millennium Shipping
Vice Chairman
Mr George Laou TMS Bulkers & Dry
Mr Vishal Krishnatry Rio Tinto Shipping Ltd
Mr Nikolaos G. Tattos Trade Fortune Inc.
Mr Panagiotis Koutris ROKS Maritime Inc
Mr Ioannis Vakkas Trust Bulkers Ltd
Capt. Eduardo M. Limpin Sandigan Ship Services
Mr Charalambos Hajimichael Tsakos Shipping & Trading S.A.
Mr Zenon Kleopas Starbulk S.A.
Mr Rodrigo Bermelho Vale S.A.
Mr Sunit Sikand Thome Ship Management Pte Ltd
Mr Gerasimos Vasilatos Vita Management S.A.
Mr Rodrigo Bermelho Vale S.A.
Mr Anastasios Karlis Virono Shipping S.A.
Mr Costas Kokkinakis Vrontados S.A.
Mr Constantinos G. Kokkinakis Vrontados S.A.
Mr Ioannis Stefanou Wallem Ship Management Ltd
Mr John-Kaare Aune Wallem Ship Management Ltd
30 31
Capt Sang Jibo Zrich Ship Management Pte. Ltd
 ANNUAL REVIEW

The Management
The Management Committee
(ManCom) Committee (ManCom)
The Management Committee comprises the Chairman, the Vice Chairman, the Technical Committee Chair-
men in a consultative role, and the Secretary General with authority over the voting members to appoint addi-
tional non-voting advisor(s)/consultant(s) in an honorary capacity or otherwise.

The purpose of the Management Committee is to organise the business of INTERCARGO, to act in accord-
ance with the requirements of this Constitution and the Objectives of INTERCARGO and to serve the interests
of its members.

Please refer to Section 10 of INTERCARGO’s Constitution for details.

The Chairmen’s Committee consists of the Chairman and the Vice Chairmen, as well as the Technical Com-
mittee Chairman in a consultative role. Chairman Secretary General Technical Committee
Chairman
Mr Dimitrios J. Fafalios Dr Kostas G. Gkonis
Elected as from 01 January 2019 Αppointed as from 04 October 2016 Mr Tom Keenan
Elected as from 01 January 2019

Vice-Chairman Vice-Chairman
Mr Spyros Tarasis Capt Uttam Kumar Jaiswal
Elected as from 01 January 2019 Εlected as from 01 January 2021

Special Advisors Honorary Chairmen

Capt Jay Pillai Mr Dimitris Mr John Platsidakis Mr Nicky Papadakis

Αppointed in 2021
Monioudis
Served as Chairman of Served as Chairman of
(Served as Vice-Chairman Αppointed in 2021 the Association for the the Association for the
of the Association for the maximum term of six years maximum term of six years
(Elected as from until end of 2012
maximum term of six years until end of 2018
01 January 2019 as
until end 2020)
Technical Committee
Vice-Chairman)
32 33
MEETINGS

Semi-annual
INTERCARGO hosts two main sets of meetings each
INTERCARGO year:
meetings • the “spring” meetings: Technical Committee and Executive
Committee meetings followed by a presentations’ session on industry
topics open to invited members of the shipping community.
• the “autumn” meetings: the above meetings and events take place
alongside the Annual General Meeting (AGM).

2022-2023 • The 2023 “autumn” meetings will be held both virtually & in person
meetings in Athens on 23-24 October 2023
https://www.intercargo.org/intercargo-2023-autumn-meetings/ INTERCARGO Meetings 2022-2023

• The 2023 “spring” meetings took place virtually & in person in Dubai
on 25-26 May 2023
https://www.intercargo.org/intercargo-2023-spring-meetings/

• The 2022 “autumn” meetings took place virtually & in person in

Singapore on 24-25 November 2022
https://www.intercargo.org/intercargo-2022-autumn-meetings/

• The 2022 “spring” meetings took place virtually & in person in London
on 31 March-1 April 2022
https://www.intercargo.org/intercargo-semi-annual-meetings-31-march-1-april-2022/

Industry meetings/
conferences & fora Secretariat
Dr Kostas G. Gkonis
INTERCARGO meets regularly with its Round Table partner or-
Secretary General
INTERCARGO seminars
ganisations (ICS, INTERTANKO and BIMCO) to enhance syner-
gies for the benefit of the industry. [email protected]
INTERCARGO participates in the Annual Tripartite Forum and
INTERCARGO hosts webinars and lunchtime brief-
its follow-up meetings. The Tripartite refers to a series of meet-
ing sessions on its Work Programme for Members ings during a year of the three groups: Owners, Classification Paul Markides Ed Wroe Xianyong (Joe) Zhou
and invited representatives of the dry bulk community. Societies/IACS, and the Shipbuilders Associations of, predomi-
nantly, China, Japan and South Korea.
Marine-Quality Manager Technical Manager Operations Manager
The latest have been:
[email protected] [email protected] [email protected]
INTERCARGO is engaged with the European Community Ship-
• Project Blue Visby Solution”; “Mastering your EU ETS
owners’ Association (ECSA) on key EU regulatory develop-
Compliance Strategy”; “Bulk carriers and frequent
ments affecting the dry bulk shipping sector.
commodities” (26 May 2023) Tonya Dendrinou
INTERCARGO is also engaged with the Association of Re-
• “Biofuels in shipping” (19 May 2023) source Companies, Ship Operators, Ports & Terminals (ARC- Office Manager
SOPT), an Australian-based association about shipping stand- [email protected]
ards in Australian ports.
• “Latest Mooring Management requirements of
Australian ports ” (20 April 2023) INTERCARGO also represents its membership in many other in-
ternational shipping fora and of course at the International Mari-
time Organization (please refer to relevant section).
Liaison in Greece
Emmanuel Vergetis
For a complete list of seminars/other meetings please visit:
www.intercargo.org/about/meetings About other meetings & conferences please visit:
Regional Representative
Athens - Greece
(tab INTERCARGO seminars) https://www.intercargo.org/about/meetings/
You may also visit: intercargo.org/contact [email protected]
34
 ANNUAL REVIEW

Membership INTERCARGO fleet performance &

operational excellence

Membership evolution INTERCARGO, through its members, is committed to operational excellence in the
The Association’s Membership recorded a significant increase during the present Annual Review’s areas of safety, security, health and the environment. INTERCARGO maintains a
reporting period (last 12 months) reaching new historic high levels at the end of it (August 2023). robust and strict policy for entry which, by design, exceeds industry averages. In
2022, vessels entered with INTERCARGO consistently bettered industry perfor-
This increase is attributed to continued membership expansion (please refer to number of members
mance indicators in terms of both deficiencies and detentions, however the indus-
in graph below), while through to 2023 also to the revision of membership terms, as Full members
try as a whole showed a steady increase in detention rates which, while not a ma-
have been registering their entire fleets. jor cause for concern, does show a disappointing trend upwards. Equally it should
As a result (please refer to registered ships evolution in graph below), the registered fleet has reached be noted that deficiencies per inspection rates continue on a flat line.
the 3,300 ships mark, corresponding to about 33% of the global dry bulk fleet on deadweight terms The annual benchmarking of INTERCARGO’s entered fleet versus the rest of indus-
(this percentage was less than 25% only 12 months ago). try is shown in the tables below.

last 12 months
Throughout the worldwide pandemic and the crisis in Ukraine, INTERCARGO has
Number of Member companies ensured that members have been continually kept up to date with relevant develop-
180 ments and have been able to maintain their focus on quality operations throughout.
160
140
120 Year INTERCARGO - entered fleet Non-INTERCARGO fleet Global bulk carrier fleet
100 detention rate as % detention rate as % detention rate %
80
60 2016 1.5 2.1 2.0
40
20 2017 1.2 2.0 1.8
0
12.2016 12.2017 12.2018 12.2019 12.2020 12.2021 12.2022 08.2022 08.2023 2018 1.4 2.0 1.9

Full Members 2019 1.2 2.0 1.8

Registered ships evolution last 12 months
Associate Members
3,500 350 2020 1.6 1.9 1.8

3,000 300 2021 1.8 2.5 2.4

2,500 250 2022 2 3 2.9

No of ships

2,000 200
Average 1.5 2.2 2.1
mil dwt

1,500 150

1,00 100
Year INTERCARGO-entered fleet DPI Non-INTERCARGO fleet DPI Global bulk carrier fleet
500 50
Registered ships (LH) DPI
0 0 dwt registered (RH) 2016 1.27 1.85 1.73
12.2016 12.2017 12.2018 12.2019 12.2020 12.2021 12.2022 08.2022 08.2023
2017 1.3 1.86 1.73

Registered ships as % of global last 12 months 2018 1.23 1.82 1.69

dry bulk fleet
2019 1.17 1.71 1.59
35%
30% 2020 1.11 1.6 1.52
25%
20% 2021 1.12 1.62 1.51
15%
2022 1.18 1.6 1.52
10%
basis number
5%
Average 1.2 1.72 1.61
0% basis dwt
12.2016 12.2017 12.2018 12.2019 12.2020 12.2021 12.2022 08.2022 08.2023

 Source: INTERCARGO Benchmarking Bulk Carriers, 2020-2021, 13th Edition

36 37
 ANNUAL REVIEW

Membership Directory Full Members

(as of 31 August 2023)

Australia Greece Navarone S.A. Hong Kong, China

ASP Ships Group Adelfia Navigation S.A. Navios Group of Companies Bernhard Schulte Shipmanagement
Belgium Aegean Bulk Co. Inc. Navitas Compania Maritima S.A. Chellaram Shipping (Hong Kong) Ltd
CMB NV/Bocimar International NV Alassia Newships Management Inc. Neda Maritime Agency Co. Ltd Fleet Management Ltd
Bermuda Alberta Shipmanagement Ltd Neptune Dry Management Company Hong Kong Ming Wah Shipping Co. Ltd
Meridian Holdings Ltd Alios Bulkers Ltd / Sun Enterprises Ltd Nereus Shipping S.A. Island Navigation Corporation International Ltd
Brazil Alpha Bulkers Shipmanagement Inc. New Vision Shipping S.A. Pacific Basin Shipping (HK) Ltd
Vale S.A. Angelakos (Hellas) S.A. Niovis Shipping Company S.A. Taylor Maritime (HK) Ltd
Canada Ariston Navigation Corp. Nomikos A.M. Transworld Maritime Agencies S.A. Teh-Hu Cargocean Management Co. Ltd
Canfornav Limited Atlantic Bulk Carriers Management Ltd Omicron Ship Management Inc. Wallem Ship Management Ltd
China, Mainland Blue Planet Shipping Ltd Orpheus Marine Transport Corporation India
Asian Eagle Shipping Limited Capital-Executive Ship Management Corp. Pavimar S.A. Synergy Marine Group
Cetus Maritime (Shanghai) Ltd Carras (Hellas) S.A. Phoenix Shipping & Trading S.A. Italy
COSCO Shipping Bulk Co. Ltd Century Bulk Carriers Management Co. Rethymnis & Kulukundis Ltd D’Amico Societa di Navigazione S.p.A.
Fujian Ocean Ship Management Co. Ltd Charterwell Maritime S.A. ROKS Maritime Inc. Japan
Zrich Ship Management Pte. Ltd Chios Navigation (Hellas) Ltd Samos Steamship Co. Ltd K Line Bulk Shipping (UK) Ltd
Croatia Chronos Shipping Co. Ltd Sea Globe Management and Trading Inc Mitsui O.S.K. Lines Ltd
Atlantska Plovidba D.D. Common Progress Co NA S.A. Sealink Navigation Ltd NYK Line
Cyprus Costamare Shipping Seanergy Management Corp. Monaco
Lemissoler Navigation Co. Ltd Cyprus Sea Lines Seaspire Maritime Inc. C TRANSPORT MARITIME SAM
Olympia Ocean Carriers Ltd Dalex Shipping Co. S.A. Seastar Chartering Ltd Norway
Transmed Shipping Co. Ltd Diana Shipping Services S.A. Spring Marine Bulk S.A. Grieg Star A.S.
Denmark Dianik Bross Shipping Corporation S.A. Starbulk S.A. Klaveness Ship Management A.S.
Clipper Bulk A/S Diligent Holdings S.A. Super-Eco Bulkers Management Inc. Philippines
Germany East 33 Maritime Limited Target Marine S.A. Sandigan Ship Services Inc.
Harren Bulkers GmbH & Co. KG Eastern Mediterranean Maritime Ltd Team Fuel Corp. Singapore
Interunity Management (Deutschland) GmbH Efnav Company Ltd Technomar Shipping Inc. Berge Bulk Shipping Pte Ltd
Oldendorff Carriers GmbH & Co. KG EFShipping Company S.A. Teo Shipping Corporation Drylog Services (Singapore) Pte Ltd
Orion Reederei GmbH & Co. KG Empire Bulkers Ltd Thenamaris ConBulk Inc. IMC Shipping Co. Pte Ltd
Empros Lines Shipping Co. Third Millennium Shipping Island View Shipping - division of Grindrod Shipping
Enesel Dry S.A. TMS Bulkers Ltd Pte Ltd
Enterprises Shipping and Trading S.A. Trade Fortune Inc. Nordic Hamburg Shipmanagement (HK) Ltd
Equinox Maritime Ltd Trust Bulkers Ltd OSM Thome
Eurobulk LTD Tsakos Shipping & Trading S.A. Pacific Carriers Ltd
Fafalios Shipping S.A. Union Commercial Incorporated Rio Tinto Shipping (Asia) Pte Ltd
Franco Compania Naviera S.A. Valerie Ship Management LLC Swire Shipping Pte Ltd
Globus Shipmanagement Corp. Virono Shipping S.A. Switzerland
Golden Union Shipping Co. S.A. Vita Management S.A. Maestro Shipping S.A.
Goulandris Brothers (Hellas) Ltd Vrontados S.A. Taiwan, China
Gourdomichalis Matitime S.A. Chinese Maritime Transport Ltd. (CMT)
Grecomar Shipping Agencies Ltd Turkey
Hydroussa Navigation Ltd Besiktas Shipping Group - Istanbul
Iblea Ship Management Ltd Devbulk
Iolcos Hellenic Maritime Enterprises Co. Ltd Pasifik Gemi Isletmeciligi ve Ticaret A.S.
Ionic Bulk Carriers (Mgt) Inc. UAE
Kassian Maritime Limited ADNOC Logistics & Services
Katsikis & Sigalas Ltd Emarat Maritime LLC
Konkar Shipping Agencies S.A. Tomini Shipping
Kyla Shipping & Trading Corp. UK
Laskaridis Maritime CSL Europe Ltd
Laskaridis Shipping Co. Ltd Greenheart Management Company Ltd
Load Line Marine S.A. Hadley Shipping Group Ltd
M/Maritime Lomar Shipping Ltd
Maran Dry Management Inc. V.Ships Group
Marla Dry Bulk Shipmanagement Inc. Zodiac Maritime Limited
Minerva Dry Inc. USA
Minoa Marine Ltd Genco Shipping & Trading Limited
Moderna Marine Management Ltd Liberty Maritime Corporation

38 39
 ANNUAL REVIEW

Associate Members (as of 31 August 2023)

AUSTRALIA NETHERLANDS
Propel Marine Pty Ltd Green Award
Rightship PPG Performance Coatings Europe Limited
BELGIUM Van Ameyde Marine
ECSA (European Community Shipowners’ Associations) NORWAY
Vertis Environmental Finance Assuranceforeningen Gard
BRITISH ISLES Assuranceforeninigen Skuld
Isle of Man Ship Registry DNV
CANADA PHILIPPINES
International Ship Owners Alliance of Canada Inc I.M.A. Assessment and Training Center, Inc.
(ISAC) REPUBLIC OF PANAMA
Valles Steamship Co. Ltd Panama Maritime Authority
CAYMAN ISLANDS SAUDI ARABIA
Cayman Islands Shipping Registry Hizam Shipping Agencies Co.
CHINA SWEDEN
China Classification Society The Swedish Club
Dalian Maritime University SWITZERLAND
Greentec Marine Engineering Co. Ltd IMPALA Terminals Group
CYPRUS UNITED ARAB EMIRATES
American Steamship Owners Marine Insurance Company GAC Solutions Ltd.
(Europe) Ltd Marcura Platform Solutions FZE
Crossworld Marine Services Ltd UNITED KINGDOM
Epsilon Hellas A. Bilbrough & Co Ltd (The London P&I Club)
Prevention At Sea Ltd AXSMarine Ltd
Tototheo Maritime Ltd Baltic Exchange
DENMARK Chugoku Marine Paints
Hempel A/S CR International Srl
FINLAND Fonasba (Federation of National Associations of Ship
Finocean Ltd Brokers and Agents)
FRANCE Greek Shipping Co-operation Committee
Bureau Veritas HFW
GERMANY HiLo Maritime Risk Management Ltd.
HSBA Hamburg School of Business Administration IACS - International Association of Classification
International Union of Marine Insurance (IUMI) Societies Ltd
GREECE ICS - Institute of Chartered Shipbrokers
Alpha Marine Consulting P.C. IMEC - International Maritime Employers Committee
BCA College Ltd
Black Rope IMIF - International Maritime Industries Forum
Contships Management Inc Intermanager - International Ship Managers
Diaplous Group Association
Erma First ESK Engineering Solutions SA International Registries (U.K.) Limited
Filistos ASCOT SA International Salvage Union
Furuno Hellas S.A. International Shipsuppliers & Services Association
HELMEPA (ISSA)
Hydrus Engineering SA KPI OceanConnect London Ltd
IMEQ CENTER Lloyd’s Register
Katradis Marine Ropes Industry SA NorthStandard Limited
MacGregor Greece Ltd Ocean TG UK Limited
Marichem Marigases Hellas SA Roxburgh Group Limited
Metropolitan College S.A. Malliaroudakis Maritime (UK) Ltd
PricewaterhouseCoopers Auditing Company SA Seadock Marine Agencies Ltd
School of Naval Architecture and Marine Engineering- Shell International Trading and Shipping Company
National Technical University of Athens (NTUA) Limited
SQLearn Steamship Insurance Management Services Ltd
Stephenson Harwood UK P&I Club (The United Kingdom Mutual Steam Ship
INDIA Assurance Association Limited)
Indian Register of Shipping Wilhelmsen Ships Service
ISRAEL USA
Orca AI American Bureau of Shipping (ABS)
ITALY American Steamship Owners Mutual P&I Association
Confitarma - Italian Shipowners’ Association Ecochlor, Inc.
RINA Services SpA LISCR
JAPAN Q88 a Veson Nautical Company
Nippon Kaiji Koyaki (Class NK) Sofar Ocean
KOREA
40 Korean Register
 ANNUAL REVIEW

Benefits to Members Being part of an Association dedicated to quality,

safety and the environment.

Benefits to Being part of an Association dedicated to quality, Benefits Companies and ships registered with INTERCARGO arguably enjoy
a badge of quality widely recognised by the industry as a marker
for Full
safety, and the environment.
all members of excellence. Along with a Company Certificate and the right to
Unique access to INTERCARGO circulars with expert
insight into the dry bulk shipping industry.
membership use the INTERCARGO membership logo, a Vessel Certificate
is provided for each registered vessel. Entered ships are tagged
on Equasis as registered with INTERCARGO. Vessel membership
Opportunities to meet fellow members at the with INTERCARGO is displayed on the vessel dashboard of the
Association’s meetings in Europe and Asia. RightShip Safety Score.

Special invitations/discounted access to industry INTERCARGO and RightShip are founding partners of DryBMS,
events. For more information, please visit: intercargo.org/ a quality standard for the dry bulk sector. Safety, environmental
news/category/member-news. and operational excellence are promoted through company
self-assessment. Please visit intercargo.org/drybms.
A free copy of the latest Bulk Carrier Benchmarking
Report is offered to each member. For information Members are invited to appoint a representative to
on publications, please visit intercargo.org/news/ INTERCARGO’s Executive Committee and are eligible to put
publications. forward a representative to the Technical Committee (conditions
apply). Details can be found in our Constitution under
Advertising opportunities in some of the Association’s
‘Management’ at intercargo.org/constitution.
publications and on its website at reduced rates. Please
visit intercargo.org/advertising-intercargo-website.
The Association is represented at the International
Opportunities to present at the Association’s events Maritime Organization (IMO), the Round Table of Shipping
(subject to invitation). Associations (joining BIMCO, ICS and Intertanko on important
cross-industry matters), the Tripartite Forum and other
Special access to the Association’s website: international shipping fora, and regularly engages with the
intercargo.org (some sections are reserved for Full International Association of Classification Societies (IACS)
members). and RightShip on critical issues.

Members are invited to INTERCARGO hosted events (two

semi-annual Committee meetings, seminars etc). Please visit
intercargo.org/about/meetings for more information.

For INTERCARGO’s feedback and reporting schemes, please

see intercargo.org/members-reporting-surveys.

Regular circulars provide timely, detailed information either

following IMO meetings or on ongoing issues, such as cargoes
piracy, port, terminal and anchorage feedback, cybersecurity etc

Experience sharing / (anonymous) consultation within the

membership, when appropriate on reported issues of concern
(cargoes, ports, etc), in order to provide informed feedback.

Full access to the Association’s website intercargo.org

42 43
 ANNUAL REVIEW

Becoming a Member Stay up-to-date with

the latest news
of INTERCARGO
Full Consociate Associate
Member Member Member

Any company that owns,

operates or manages dry
Any company that owns,
operates or manages
Any entity that provides
goods or services to the
through the following
social media channels
bulk carriers of 10,000 dry bulk carriers below dry cargo shipping
dwt and above. 10,000 dwt. industry.

GBP 5,000 for 1 to 10 Half the fees that would GBP 1,250
ships and GBP 350 for be paid as a Full Mem-
each subsequent ship up ber.
to a capped maximum of
GBP 20,000.

Members joining after the start of the membership year (1 January) are entitled to an initial pro-rata membership fee.
For the latest updates about joining INTERCARGO please visit www.intercargo.org/join/
Enquiries regarding joining should be sent to the Secretariat at [email protected]

Follow INTERCARGO on LinkedIn at Follow INTERCARGO on YouTube at

linkedin.com/company/intercargo youtube.com/c/intercargooffice

Contact Us 4th Floor, 123 Minories, London EC3N 1NT, U.K.

Phone: +44 (0)20 8106 8480
Email: [email protected]
Website: www.intercargo.org

44
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www.b2sea.gr

www.intercargo.org