Latest News

Latest news by topic

BIMCO urges nations to co-operate after new Hormuz attacks

BIMCO is urging nations to defuse tension and work together through diplomatic efforts following new attacks on two tankers at the Strait of Hormuz on 13 June.

Gulf of Guinea Piracy Continues to Threaten Seafarers – Industry Wants Action Now

London: Friday, 7 June 2018.  Members of the shipping community, Flag States and Agencies from Gulf of Guinea gathered at the Headquarters of the International Maritime Organization (IMO) for a day-long symposium on Maritime Security in the Gulf of Guinea. The event, co-sponsored by BIMCO, IMCA, ICS, ITF and OCIMF, featured speakers from regional maritime agencies as well as shipping officials, academics and military staff.  The shipping industry, along with seafarer groups, organized the event to highlight the continuing danger to seafarers operating in the Gulf of Guinea.   

New Cyber Security Clause from BIMCO now available

A new standard Cyber Security Clause requiring the parties to implement cyber security procedures and systems to help reduce the risk of an incident, is now available from the BIMCO website.

Eni joins project to develop ASV charter party

Italian energy company Eni, operating in more than 60 countries worldwide and employing more than 30,000 people, will be joining the recently launched BIMCO project to develop a standard charter party for Accommodation Support Vessels (ASVs).     

New Cyber Security Clause from BIMCO now available

A new standard Cyber Security Clause requiring the parties to implement cyber security procedures and systems to help reduce the risk of an incident, is now available from the BIMCO website.

BIMCO and ASBA join forces to develop gas tanker voyage charter party

ASBATANKVOY, one of the most widely used tanker charter parties in the world, will form the basis when BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) begin to jointly develop a charter party specifically for use in the gas tanker trade.

BIMCO and INTERTANKO publish Q&As for scrubber-fitted ships

BIMCO and INTERTANKO have jointly published Q&As addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be reviewed for both time and voyage charter parties.

IMO-meeting was not a missed opportunity

What the Marine Environment Protection Committee (MEPC) and the working group accomplished last week, was to finalise and agree on a set of procedures for assessment of impact on states from the proposed short-term measures. An important stop block has thus been removed which paves the way for advancement of individual proposals. The meeting didn’t postpone anything.

IMO accelerates efficiency goals

The Marine Environmental Protection Committee (MEPC) strengthened Energy Efficiency Design Indexes (EEDI) for Phase 3 for certain ship types by increasing the reduction rate and/or bringing forward the start date.

Cyber risk and autonomous ships

BIMCO has submitted four papers to the Maritime Safety Committee. The papers discuss how autonomous ships should be tried before they are allowed to operate, and that cyber risk management should be part of the ship’s Safety Management System.

EU ship recycling rules look like protectionism

Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows. 

BIMCO advices members to check GPS systems before 6 April

On 6 April 2019, the maritime GPS-SPS system will undergo a week counter roll over which may affect some GPS receivers.

BIMCO urges nations to co-operate after new Hormuz attacks

BIMCO is urging nations to defuse tension and work together through diplomatic efforts following new attacks on two tankers at the Strait of Hormuz on 13 June.

BIMCO calls for anti-piracy action off Nigeria at IMO

At the IMO’s 101st meeting of the Maritime Safety Committee, BIMCO’s Head of Maritime Security – Jakob P. Larsen – spoke in a direct fashion about the serious situation posed by piracy in the Gulf of Guinea, and especially off the coast of Nigeria.

Panama Canal Authority's deck cooling measures for ships to take immediate effect

The Panama Canal Authority (ACP) issues "deck cooling during transit" requirement effectively immediately for all crude tankers, product carriers and chemical tankers carrying cargoes with flashpoints of less then 18 degrees C.

China adopts 0.50% sulphur limit to match IMO regulation

Chinese regulators have tightened its domestic emission control area regulation (DECA) which came into force on 1 January 2019.

Polish Szczecin is top bulk terminal in new BIMCO report

The best performing port, in BIMCO’s Dry Bulk Terminals Vetting Report 2018, is Szczecin in Poland. The report collected input from 144 ships covering 381 terminals. A total of 97% of the reports were rated as average or better, which gave an average rating of 3.6 (out of five). The result is a marginal better than last year’s results.

Testing of solid bulk cargoes for corrosivity - IMO issues interim guidance

The International Maritime Organization (IMO)  issues interim guidance for modified testing of solid bulk cargoes for corrosivity. 

Aluminium dross bulk shipment in containers – Explosion incident

Warning of explosive incidents that could occur with shipment of aluminium dross in bulk containers.

Important changes to the BIMCO Solid Cargo Database

To inform members on coming changes to the online BIMCO Solid Cargo Database.

Tanker Shipping: While we wait for 2020 to kick in, it's all about politics

The tanker market is – even more so than before – all about geopolitics.

Dry bulk: A struggling market gets all hyped up by Capesize volatility

Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.

Macroeconomics: Slower growth from unresolved trade tensions harms global trade volumes

Economic growth around the world is slowing, and several governments – including Germany, China and South Korea – have announced stimulus packages to boost their economies.

Fake invoices

BIMCO has been advised of yet another attempted fraud against one of our members.

Fake invoices

BIMCO has been advised of yet another attempted fraud against one of our members.

Fake invoices

BIMCO has been advised of yet another attempted fraud against one of our members.

Newbuilding contracts should require use of Shipdex

BIMCO and MAN Energy Solutions hosted a conference for software suppliers delivering Computerised Maintenance Management Systems (CMMS) to expand the use of Shipdex. Shipdex is the standard protocol for exchanging technical data - such as manuals – electronically between supplier and ships directly, cutting the need for huge stacks of - often outdated - paper manuals.

BIMCO helps pave the way for automated ship reporting

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.

BIMCO urges IMO to harmonise digital data reporting

In 2019 the new mandatory requirements on Electronic Data Interchange require public authorities to establish systems for the electronic exchange of information to assist ship clearance processes.