It was announced on 2 April 2015 that the so-called P5+1 powers (China, France, Germany, the Russian Federatin, UK and USA), the European Union and Iran had reached a framework agreement which, subject to further and detailed negotiations to be completed by 30 June 2015, will see sanctions agrainst Iran relaxed in exchange for significant and verifiable steps to be taken by Iran in realation to its nuclear programme.

On 14 April 2014 the Nairobi International Convention on the Revoval of Wrecks, 2007 ("the Convention") achieved the requisite number of ratifications (10) triggering the entry into force conditions. The Convention will enter into force in State Parties on 14 April 2015.

The Association has been alerted to the risk of possible liquefaction of cargoes of bauxite that may originate from Malaysia and Indonesia.

OW Bunder ("OW") is one of the world's biggest bunker suppliers (with a reported 7% share of the marine fuel supply market). As has been widely reported OW Bunker A/S, O.W. Bunker & Trading A/S and O.W. Supply & Trading A/S filed for bankruptcy in Denmark on the 7 November, 2014.