Latest news by topic

Add your voice to the syndicated term sheet

BIMCO’s work on a syndicated term sheet for use in ship financing transactions is now so advanced that it is ready for review by the industry.

New BARECON 2017 calculates future trends

BIMCO has published a new edition of BARECON, the industry’s go-to standard contract for bareboat chartering.

BIMCO CEO extends contract 5 years

BIMCO’s Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus.

US regulations affecting your ships - get the January 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 January report is also provided.

IMO backs the industry proposal for prohibition on the carriage of non-compliant fuel oil in 2020

The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR 5) met in London this week. This is a short overview of the most important points discussed.

BIMCO calls for prohibition on the carriage of non-compliant fuel oil in 2020

The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR 5) will meet next week.

BIMCO advocates bridge standards at IMO

IMO to discuss the BIMCO proposal to improve standardisation of bridge equipment during next week’s meeting at the IMO.

IMO backs the industry proposal for prohibition on the carriage of non-compliant fuel oil in 2020

The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR 5) met in London this week. This is a short overview of the most important points discussed.

BIMCO calls for prohibition on the carriage of non-compliant fuel oil in 2020

The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR 5) will meet next week.

Additional Gulf of Guinea security advice

As an additional aide to the advice promulgated on 9 February 2018, BIMCO urges all members to note the guidance and advice contained in the following security notice for ships operating in the Gulf of Guinea region.

Weekly piracy reports and analysis

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

Wildlife taskforce alert

Please find attached the 15 February 2018 United for Wildlife Transport Taskforce Alert, concerning “Malaysian ports highly vulnerable to Illicit Ivory in transit."

Sanctions related to the Democratic People’s Republic of Korea (North Korea)

The President of the United States of America has signed an Executive Order ‘Imposing additional sanctions with respect to the Democratic People’s Republic of Korea (North Korea)

Early warning issued by New Zealand for Asian Gypsy Moth regulations

A new set of Asian Gypsy moth (AGM) regulations has been issued by the Ministry for Primary Industries (MPI), New Zealand (NZ). Members entering or intending to enter NZ waters need to familiarise themselves of these new requirements.  

Philippine immigration restrictions

The Philippine government has decided to tighten security regarding entry of certain nationalities into the Philippines.

Calcium hypochlorite in containers – Timely guidance issued for safe carriage

Guidelines issued for shipment of calcium hypochlorite in containers available.

The 2016 Edition of the IMDG Code enters into force 1 January 2018

The IMDG Code 2016 Edition enters into force 1 January 2018 for two years. Please note that the The IMDG Code Supplement, 2014 Edition remains valid until further notice.

Argentina – SENASA Resolution – hold and tank inspections

New resources available to support BIMCO members with ships calling at Argentine ports.

Dry Bulk Shipping: Q1 requires careful handling as seasonal cargo demand drops

The fleet is growing at the slowest pace since 1999, and solid growth in demand means that the dry bulk shipping industry should be facing another year of improvement to the fundamental balance.

Macroeconomics: Economic growth around the world is supporting shipping

It has been quite some time since macro-economic development has looked this positive and as supportive of shipping.

Tanker shipping: markets under massive pressure from low demand growth

The future of oil demand and subsequently of tanker demand is very much policy driven. It has been so in the past to some extent, but in coming years this will be more apparent.

BIMCO report names top 3 performing bulk terminals

The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report.

Yemen conflict forces new security recommendations

In response to the threats arising from the conflict in Yemen, BIMCO, ICS and INTERTANKO have published interim guidance on maritime security in the southern Red Sea and Bab al-Mandeb. Shipowners and operators should be aware of new threat patterns in the area.

Plague outbreak in Madagascar - what you need to know

Information about the plague outbreak in Madagascar and any advice needed. 

Cargo Alert -be aware of the liquefaction danger of loading nickel ore from Philippines and Indonesia

BIMCO reminds members of the dangers of loading nickel ore cargoes from Philippines and Indonesia.

US regulations affecting your ships - get the October 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 October report is also provided. 

Fake invoices

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

More fake invoices

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

Fake invoices

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

Suez Canal Sea Trials – owners’ or charterers’ costs under time charter?

BIMCO has received numerous questions related to the costs of “sea trials” in the Suez Canal – mainly creating disputes for ships transiting for the first time.

Indian service tax - update 5 May

BIMCO continues to hear back from members on the issue of the Indian Service Tax. 

The Philippine province of Zambales - 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.

BIMCO relaunch ship benchmarking system

BIMCO relaunches ship benchmarking system Shipping KPI after two years of redesign. The system helps shipowners and managers make strategic decisions about their fleet.

New login makes BIMCO Shipping KPI system easier to use

BIMCO Shipping KPI has now launched a single sign in so BIMCO members, who already have a Shipping KPI account, will be able to log in automatically to the BIMCO Shipping KPI site when logged in on the BIMCO homepage.