Shipping KPI April News 2017

Brief introduction to "My Ships" feature with vivid images. The Shipping KPI survey is still available so please check and response if you haven’t. We appreciate your participation  and your contribution.

SHIPTERM seminars in Singapore & Hong Kong coming soon

BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.

The Institute of Chartered Shipbrokers and BIMCO start new initiative to give shipping professionals greater access to quality education

The Institute of Chartered Shipbrokers (the Institute) and BIMCO are pleased to announce the start of a new venture combining BIMCO’s state of the art eLearning courses and the Institute’s global engagement with students.

Latest news

FUJCON 2017: No magic bullet for bunker contracts

BIMCO speaks at the 10th Fujairah Bunkering and Fuel Oil Forum.

First round of talks on term sheet for syndicated ship financing transactions

On 21 March, the subcommittee established to develop a standard term sheet for syndicated ship financing transactions met for the first time to consider how to approach the work ahead.

New SUPPLYTIME on course for June adoption

The revision of the SUPPLYTIME 2005 charter party, BIMCO’s specialised offshore support vessel contract, is close to completion.

Ballast Water Management - Reminder/Update

Tne International Convention for the Control and Management of Ships' Ballast Water and Sediments (BWM Convention) enters into force 8 September 2017!

Analysis of the USCG Ballast Water Management (BWM) Extension Program

The  USCG has recently modified its policy with regards to the granting of extended compliance dates for Ballast Water management systems. Analysis and information on these changes have been kindly provided by the Chamber of Shipping of America (CSA) as well as a USCG document on Highlights and Tips for Application - Extended Compliance Dates under USCG Ballast Water Management regulations.

New requirements for free fall lifeboats will enhance safety during drills

New guidelines have been agreed on how to simulate launching of free fall lifeboats carried out during drills. The aim is to train crew in the free fall release procedure of free fall lifeboats, without the physical activation of the release mechanism.

Smooth e-Navigation at NCSR 4

Over 90 papers were discussed at the recent 4th session of IMO Sub-Committee on Navigation, Communications and Search and Rescue (NCSR) and many important decisions finalised. 

US regulations affecting your ships - get the February update!

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 report is also provided.  

USCG extension policy update

The original guidance for compliance with Ballast Water Management (BWM) regulations needs further clarity and explanation.This update has been issued in response to hundreds of extension requests and dozens of questions received by the USCG. 

Smooth e-Navigation at NCSR 4

Over 90 papers were discussed at the recent 4th session of IMO Sub-Committee on Navigation, Communications and Search and Rescue (NCSR) and many important decisions finalised. 

e-Navigation high on the agenda of IMO NCSR 4

The IMO NCSR considers technical and operational matters related to safety of navigation on board ships. The next meeting agenda will cover modernisation of GMDSS and e-Navigation as the two main topics.

Weekly piracy reports and analysis

Read the latest maritime security news making headlines throughout the world.

Special Report on Abducting of Crew from Ships in the Sulu-Celebes Sea and Waters off Eastern Sabah

ReCAAP has produced the following summary of recent incidents in the Sulu and Celebes Sea.

BIMCO looking at the Maritime Single Window at FAL 41

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

Weekly piracy reports and analysis

Read the latest maritime security news making headlines throughout the world.

Security Advisory - Piracy Alert

MSCHOA  has received an unconfirmed report that a Dhow was pirated  in the vicinity of Eyl during the last 24 hours.

Weekly piracy reports and analysis

Read the latest maritime security news making headlines throughout the world.

Joint Canadian and United States Asian Gypsy Moth notice issued February 2016

Members with ships that have called at regulated Asian Gypsy Moth areas should take note of the following joint notice issued by the Canadian Food Inspection Agency (CFIA) and the United States Department of Agriculture (USDA), outlining the requirements for such ships entering North American ports.

Nigerian National Petroleum Corporation oil tanker ban reported as lifted

BIMCO members are to note that the ban imposed on 113 tankers prohibited from entering Nigerian oil facilities and territorial waters in July 2015, appears to have been lifted on 10 September 2015.

DRY BULK SHIPPING: as the BDI moves higher, demolition activity weakens

What a rebound. After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates. This brought earnings into profitable levels for a couple of days, as the BDI passed 1,282 on 27 March 2017.

Chinas import of iron ore to propel dry bulk shipping demand in 2017

Chinas import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shipping of grains.

Meet BIMCO’s Chief Shipping Analyst at S&P Global Platts - Global Crude Oil Summit 2017

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the 10th Global Crude Oil Summit on 10-11 May 2017 at the Millennium Mayfair Hotel in London, United Kingdom.

Meet BIMCO’s Chief Shipping Analyst at Dry Cargo Conference 2017 - POSTPONED to 2018 -

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Dry Cargo Conference taking place on 1-2 June 2017 at the RAI Exhibition and Convention Centre in Amsterdam, The Netherlands. Discounts for BIMCO members available.

Is the dry bulk industry still on track for profitability in 2019?

This recent lift in freight rates is certainly positive, but there is still work to be done on the supply side. A significant level of demolition activity must be maintained, and increasing focus must also be on keeping slow steaming around. Estimating a return to profitability in the dry bulk industry remains a moving target, and one that differs from one company to the next. But by projecting a course for profitability, everyone in the industry can use it as a reference.

Dry bulk fleet exceeds 800 mill DWT as supply surges

The dry bulk fleet exceeded 800 mill DWT in January 2017, as the dry bulk fleet grew by 2.6% year on year.  BIMCO’s Chief Shipping Analyst Peter Sand expects the dry bulk fleet to grow 1.6% for the full year in 2017, if the projected demolition activity of 19 mill DWT is realised.  The declining growth rate from the panamax, supramax and handysize segments was absorbed by a growing capesize fleet; the total fleet growth was stable in 2016. 

BIMCO launches first report on global dry bulk terminal performance

BIMCO is seeking to drive the improvement of standards for ships at dry bulk terminals across the world and has today launched its first report on terminal performance.

Leading experts at BIMCO seminar say maritime crime increasing

Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen yesterday.

EU Council extends operation to deter piracy off Somalia until 2018

BIMCO is pleased to confirm the decision taken by the EU Council to formally extend the mandate of the EUNAVFOR Operation ‘ATALANTA’ to deter, disrupt and repress acts of piracy off the coast of Somalia until 31 December 2018.

BIMCO adopts ship financing term sheet

In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.

Winners of the BIMCO Awards 2016 announced in Shanghai

BIMCO today presented three awards to recognise and celebrate excellence in the global shipping industry among both companies and individuals in the industry – following BIMCO’s conference in Shanghai. This year the importance of leadership, innovation and pioneering business strategy in shipping were clearly recognised by the judges in the choice of winners.

Philippe Louis-Dreyfus: “BIMCO is the trusted partner of the global shipping industry”

BIMCO, the world’s largest shipping association, has today unveiled its new corporate identity and website – following research and testing within its global membership.

Join young professionals at the Shipping Network PRC in Shanghai

BIMCO encourages members to join this particular event to meet and exchange views, experiences, and ideas with others, including shipowners, brokers, agents, and clubs.

Meet BIMCO’s Chief Shipping Analyst at Global Liner Shipping Conference 2017

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Global Liner Shipping Conference taking place on 15-17 May 2017 at the Kempinski Hotel in Hamburg, Germany.  

Meet BIMCO’s Chief Shipping Analyst at iShipping Copenhagen 2017

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Digital Ship iShipping Conference Copenhagen taking place on 1-2 March 2017 at the Scandic Hotel in Copenhagen, Denmark.

BIMCO Chief Shipping Analyst to speak at the INTERCEM Shipping Forum 2017 – BIMCO member discount available

BIMCO’s Chief Shipping Analyst Peter Sand will be speaking at the INTERCEM Shipping Forum, 2017 in Marseille, France on 23-24 January 2017. It is the 6th dedicated Shipping Forum targeted at the global cement and shipping community.

BIMCO adopts ship financing term sheet

In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.

Winners of the BIMCO Awards 2016 announced in Shanghai

BIMCO today presented three awards to recognise and celebrate excellence in the global shipping industry among both companies and individuals in the industry – following BIMCO’s conference in Shanghai. This year the importance of leadership, innovation and pioneering business strategy in shipping were clearly recognised by the judges in the choice of winners.

BIMCO looking at the Maritime Single Window at FAL 41

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

Cargo alert - carriage of wood pellets - some timely BIMCO advice!

Some advice in respect of the new wood pellet entries in the IMSBC Code, Amendment 03-15 (2016 Edition) based on a recent enquiry from a member.

IMO issues new list of designated national competent authorities for solid bulk and grain cargoes

Equip yourself with the latest list of designated national competent authorities for carriage of solid bulk and grain cargoes.

BIMCO welcomes first peek through the Maritime Single Window

From 2019 new mandatory requirements on electronic exchange of information will require public authorities to establish systems to assist ship clearance processes.

BIMCO looking at the Maritime Single Window at FAL 41

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

BIMCO encourages proposals to stop injuries caused by free fall boats

New regulations for lifting appliances and lifesaving appliances are approaching. BIMCO co-sponsors a paper to stop accidents caused by free fall lifeboats during drills.

Fake invoices

BIMCO has been advised of an attempted fraud by a company which demanded payment from a BIMCO member for services never requested by, or rendered to, their vessel

Fake invoices

BIMCO has been advised of another attempt of fraud by a company, which presented a BIMCO member with an invoice for services...

Fake invoices

BIMCO has been advised of a recent attempt of fraud by a company which presented a BIMCO member with an invoice for services...

Beware of fraudsters trying to trick principals into paying into the wrong account

BIMCO has recently been made aware of more attempts by fraudsters trying to trick owners into paying into the wrong account...

How to avoid the latest cargo frauds

BIMCO shares warning signs on the latest cargo fraud scams

Fake invoices

US regulations affecting your ships - get the February update!

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 report is also provided.  

Philippines – update on local fees that appear to conflict with UNCLOS

Ships have been charged with “user fees” related to a 'monitoring' system implemented in the Philippine Province of Zambales. BIMCO believes this system is inconsistent with UNCLOS. An update highlights a number of changes that have not been addressed.  

Measures tightened to control outward remittances from China

Recently, China’s State Administration of Foreign Exchange (SAFE) has tightened up measures to control outward overseas remittances with a view to curbing Chinese capital outflows.