Showing 91 - 100 of 200
Despite increased demolition of Capesize ships, the size of the fleet is set to grow substantially.
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
The Hebei Maritime Safety Administration (MSA) in China has recently released a case where the local regulator fined a ship that burned high sulphur content fuel.
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA November report is also provided.
Gudrun Janssens, Manager Intergovernmental Engagement and Permanent Representative to the European Union is a guest speaker.
As the shipping sector strives for efficiency, BIMCO has provided input at the International Maritime Organisation (IMO) in a bid to facilitate the harmonisation of data ahead of the April 2019 deadline when new mandatory requirements come into force for automated ship reporting.
Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January.
Total orders of dry bulk, tanker and container ships in the first five months of the year have jumped 119.7% compared with the same period in 2020, primarily driven by record high container ship contracting, as investors in this segment find themselves flush with cash.
BIMCO has produced its own ship sale and purchase agreement - SHIPSALE 22 – with the aim of making the authoring, negotiation and execution process faster and simpler, and to provide the market with a modern and comprehensive alternative to existing sale and purchase forms.
The IMO’s Maritime Safety Committee (M S C) decided at its meeting 20-29 April 2022 to commence work on the development of a new goal-based instrument regulating the operation of maritime autonomous surface ships (MASS). BIMCO reports from the meeting.
