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BIMCO supports Anti-Corruption push at the IMO

BIMCO has co-sponsored a proposal at the 43rd session of the Facilitation Committee (FAL 43) held at the IMO Headquarters on 8-12 April, putting anti-corruption formally on the IMO agenda going forward.

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 to open Athens office

BIMCO will open an office in Athens in the early summer of 2019. The objective is to have a stronger and closer dialogue with BIMCO’s Greek membership and to recruit more Greek members. The Greek shipowners are already the biggest group of BIMCO members measured by fleet size.

BIMCO initiates work on new ASV charter for the offshore sectors

BIMCO has initiated work to develop a standard charter party for Accommodation Support Vessels (ASVs) to provide the industry with a balanced standard document that can be used in the offshore sectors.

BIMCO panel turns spotlight on arbitration challenges and possibilities

BIMCO has hosted a panel session on arbitration in Shanghai to discuss current issues such as the future of arbitration centres, the impact of BREXIT, the impact from the emergence of China as a leading shipping nation and much more.

BIMCO issues new Shipmanagers’ Letter of Undertaking

A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.

EU ship recycling rules can affect non-EU flags

Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.

Action at IMO to stop fraudulent shipping

Fraudulent registration of ships and fraudulent registries, which have been used as a cover for criminal activities, was high on the agenda of the 106th session of the IMO Legal Committee, taking place in London from 27 to 29 March.

Prestige incident moving towards its conclusion

The International Oil Pollution Compensation (IOPC) Funds met in London on 1 – 2 April to review incidents involving the Funds and with BIMCO represented as an observer.

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.

IMO Committee finalises guide for equipment used in Polar waters

A sub-committee under the International Maritime Organization (IMO) has finished work on a standard that can guide manufacturers of equipment that will be used in extremely cold weather, offering reassurance to shipowners operating in Polar waters that the equipment will work under the harsh conditions.

IMO moves closer to standardisation and safer navigation

A sub-committee under the International Maritime Organization (IMO) have forwarded three documents for adoption in June, moving one step closer to the adoption of a standardised system for electronic navigation.

Weekly piracy reports and analysis

Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.

Weekly piracy reports and analysis

Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.

Weekly piracy reports and analysis

Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.

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.

China has not yet placed a full ban on open-loop scrubbers

Chinese regulators have updated part of its domestic emission control area (DECA) regulations with effect from 1 January 2019 but has not yet placed a full ban on open-loop scrubbers as reported widely.

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.

IMDG Code 2018 amendment 39 -18

Amendment 39-18 will be incorporated into the International Maritime Dangerous Goods Code (IMDG), 2018 Edition, and come into force on 1 January 2020.

US seaborne crude oil exports hit record high for fifth month in a row

US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes.

Chinese purchases of US soya beans bounce back in January

Exports to China rose in January, reaching 1.4 million tonnes, up from only 69,079 tonnes in December and accounting for 30.7% of total US soya bean exports in January.

Meet BIMCO's Chief Shipping Analyst in New York City and Montreal

BIMCO’s Chief Shipping Analyst will be participating at the INTERCEM Shipping Americas in New York City, USA, which will take place on 20 May 2019, and the Shipping Federation of Canada’s Annual Conference on 22 May 2019 in Montreal, Canada.

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.