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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 2019.  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.

BIMCO and ASBA kick off work on gas tanker voyage charter party

BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) on 25 June kicked off a project at the BIMCO House to develop a standard gas tanker voyage charter party, codenamed ASBAGASVOY.

Persian Gulf: War risks revisited

As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others are differentiating based on the type of tonnage, flag and port of call. AP is typically charged as a percentage of the hull value. Underwriters day top value is at present 1%.

Updated Hull Fouling Clause clarifies performance suspension trigger

BIMCO has published an updated version of its widely used Hull Fouling Clause for Time Charter Parties. The new edition more clearly sets out the circumstances and point in time when responsibility for hull cleaning passes from owner to time charterer.

China and South Korea agree on ballast water exchange rules

China and South Korea have agreed on exemption of ballast water exchange requirements for International ships sailing between People’s Republic of China and the Republic of Korea (South Korea).

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 issues fuel oil safety recommendations ahead of 2020

The 101st session of the IMO’s Maritime Safety Committee (MSC 101) has held initial discussions in London on how to address the safety of ships when using fuel oil.

Dangers of entry into enclosed spaces for solid bulk cargoes

Accidents including fatalities continue to occur in the cargo holds and adjacent spaces of ships carrying solid bulk cargoes and this is a timely reminder to members about the dangers of entry into enclosed spaces. 

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.

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.

ReCAPP ISC Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah

This Guidance consists of advisory on the measures to be taken by the ships transiting the area, including contact details and the Notice to Mariners (NOTAM) issued by the Philippines and Malaysia.

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.

A full ban on open-loop scrubbers in China’s DECA

On 22 July 2019 China Maritime Safety Administration (MSA) issued the “Implementation Scheme of the IMO 2020 Sulphur Cap”. 

Maritime Anti-Corruption Network launches survey on corrupt practices in Ukraine

The Maritime Anti-Corruption Network (MACN) has recently launched a survey concerning corrupt practices in Ukraine. Such practices may take many forms e.g. demands for facilitation payments (low level payments paid to low level government officials to complete routine tasks the company is entitled to), cash payments or in kind requests made by various port authorities.   

Nigeria passes anti-piracy bill

The anti-piracy bill brings hope that anti-piracy bill will bring and end to Nigerian piracy and strengthen the blue economy.

Dangers of entry into enclosed spaces for solid bulk cargoes

Accidents including fatalities continue to occur in the cargo holds and adjacent spaces of ships carrying solid bulk cargoes and this is a timely reminder to members about the dangers of entry into enclosed spaces. 

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.

US soya bean exports, up or down?

The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives.

Tonne miles from US crude oil exports drop dramatically in April

April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally.

Crude oil tanker freight rates from the Arabian Gulf to China double on the back of tanker attacks

VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz.

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.

New Consortium will help enable the maritime digital revolution

A Maritime Connectivity Platform Consortium (MCC) has been launched to enable the development of the Maritime Connectivity Platform (MCP) and thereby help facilitate the digitalisation of the maritime sector.

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.