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January 2020

BIMCO expands ice information service

As part of its offering to members, BIMCO has updated and expanded its online database on ice information. Foremost, the web-resource reflects the recently amended Polar Code and the subsequently revised national rules, which regulates navigation in arctic waters. 

BIMCO appoints David Loosley as Secretary General & CEO

BIMCO is pleased to announce that following a thorough executive search, it has appointed David Loosley as its new Secretary General & CEO with effect from June 2020. Mr Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), the international membership body for all marine professionals, which he has successfully led for the last eight years.

What is BIMCO thinking about 2020?

Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by. We put all the thoughts in a magazine. This year is no different, and a range of BIMCO people have written their opinions on what the new year will bring.

December 2019

BIMCO publishes interpretation of discord between fuel oil samples

As 1 January 2020 approaches and the sulphur regulation from the International Maritime Organization (IMO) comes into force, BIMCO is experiencing an increase in questions related to the discord between the verification produces for statutory fuel oil samples and commercial fuel oil samples.

Is blending fuel on board allowed to achieve compliance?

The fuel oil carriage ban from the International Maritime Organization (IMO) that will come into force on 1 March 2020 has raised questions regarding the possibility of blending fuel on board ships to achieve compliance. The questions have prompted BIMCO to offer its view to members on the regulatory aspects of whether on board blending can be considered compliant.

Final notice on IDEA closure

IDEA will be shut down at midnight between 31 December 2019 and 1 January 2020 CET.  It is impossible to execute a contract using IDEA after that time. 

BIMCO publishes new sanctions clauses to meet geopolitical challenges

BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments.   

Shipping sector proposes USD 5 billion R&D board to cut emissions

The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year period.   

BIMCO restructures committees to balance safety and environment

BIMCO’s committee structure will change to reflect the increased importance of the environment while maintaining a thorough debate on safety. The BIMCO Board of Directors agreed to the change at a meeting in December.   

BIMCO agrees that climate ambitions will not be achieved by Europe acting alone

BIMCO welcomes the recognition of the European Commission (EC) that climate change is a global issue that requires mobilisation of partners internationally.

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