News and trends

Latest News

  • US to impose tough Port State Control measures on Cyber risk management

    United States  requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure cyber risk management is appropriately addressed in their safety management system by the company's first annual verification of the Document of compliance after January 1, 2021. Failure to this requirement may result in detention of ship in US port.

  • BIMCO to seek industry consultation in January for new ship sale agreement

    In January 2021, BIMCO will be inviting the industry to view and offer feedback on the new Ship Sale Agreement in the pipeline. The new form is on track for publication in 2021.

  • Reminder: regulatory changes will affect liquid cargo from 1 January 2021

    All tankers carrying liquid cargoes governed by the International Code for Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II should be checked and verified for compliance ahead of the regulatory changes that are taking effect from the new year.

  • Shipping industry welcomes IMO decision to give further consideration to USD 5 billion fund to accelerate decarbonisation

    Copenhagen, Brussels, London and Washington; November 20, 2020 – The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation.   

  • Learn more about BIMCO’s new sale and leaseback term sheet

    BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.

  • BIMCO provides information about dangers associated with the carriage of certain solid bulk cargoes

    There are solid bulk cargoes that are commonly transported by bulk carriers and yet many members are not familiar with the dangers that are associated with them. BIMCO provides timely information and advice on cargoes like iron ore fines, bauxite as well as cargoes that are capable of causing oxygen depletion in cargo spaces and adjacent spaces.

  • IMO adopts new requirements focusing on the safety while mooring

    The International Maritime Organization (IMO) has  held its latest Maritime Safety Committee (MSC) meeting (MSC102), virtually due to COVID-19 restrictions, during which it adopted a number of mandatory requirements, including one relating to mooring and safety.

  • IMO makes renewed pledge for seafarers to get key worker status

    Border closures and national restrictions following the Covid-19 pandemic have left hundreds of thousands of seafarers trapped on board ships, or unable to join ships. At meetings at the International Maritime Organization (IMO) starting on 16 November, the IMO is once again pledging Governments to designate seafarers as key workers.

Latest news by topic

Shipping industry urges Governments to take forward USD 5 billion proposal to accelerate the decarbonisation of maritime transport

Copenhagen/London/Washington, November 13, 2020 – As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financed, USD 5 billion research and development programme, to catalyse the transformation of the industry from dependence on fossil fuels to operating with zero-carbon energy sources.

IMEC and ITF opens big quarantine and testing facility in Manila

The International Maritime Employer’s Council (IMEC) and the International Transport Worker’s Federation (ITF) have set up quarantine and testing facilities in Manila to facilitate crew changes and address concerns about quarantine quality and fake COVID-19 tests.   

Important elements still missing after IMO working group meeting on GHG reductions

The Intersessional Working Group on reduction of greenhouse gas (GHG) from shipping had its first online meeting this week to advance the work on short term measures in support of the International Maritime Organization’s (IMO) initial strategy on reduction of GHG from ships.  

Learn more about BIMCO’s new sale and leaseback term sheet

BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.

First ever standard contract for autonomous ship operation underway

BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous ships currently in operation will mean ongoing adjustments as the industry forges ahead with its pioneering projects. Publication of the first version is expected in 2021.

Make sure your contract is genuine with new Authenticity Clause

BIMCO has published a Contract Authenticity Clause to encourage parties issuing contracts based on a BIMCO form to agree to use one obtained from an authorised source such as SmartCon.

Testing of Ballast water systems on the agenda as IMO meets

As the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meets for its 75th session on 16 to 20 November, regulations on ballast water testing is expected to be adopted.

IMO seeking to amend sulphur testing and sampling regulation

The International Maritime Organization (IMO) will be discussing changes to the MARPOL Annex VI regulations on how Port State Control (PSC) can draw fuel oil samples on board, when meeting at the 75 session of the Marine Environment Protection Committee (MEPC 75) on 16 to 20 November 2020. Some of the new suggestions are a cause for concern, BIMCO believes.

Shipping industry urges Governments to take forward USD 5 billion proposal to accelerate the decarbonisation of maritime transport

Copenhagen/London/Washington, November 13, 2020 – As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financed, USD 5 billion research and development programme, to catalyse the transformation of the industry from dependence on fossil fuels to operating with zero-carbon energy sources.

IMO adopts new requirements focusing on the safety while mooring

The International Maritime Organization (IMO) has  held its latest Maritime Safety Committee (MSC) meeting (MSC102), virtually due to COVID-19 restrictions, during which it adopted a number of mandatory requirements, including one relating to mooring and safety.

IMO makes renewed pledge for seafarers to get key worker status

Border closures and national restrictions following the Covid-19 pandemic have left hundreds of thousands of seafarers trapped on board ships, or unable to join ships. At meetings at the International Maritime Organization (IMO) starting on 16 November, the IMO is once again pledging Governments to designate seafarers as key workers.

European Commission reacts to industry’s concern about IHM compliance

The European Commission (EC) has listened and reacted to industry’s concern about adhering to the upcoming deadline on 31 December 2020 for the European Union’s Ship Recycling Regulations (EUSRR) inventory of hazardous materials (IHM) owing to the disruption caused by the Covid-19 pandemic. The new EC guidelines give shipowners a limited but welcome respite by applying a harmonised approach for a period of 6 months after the entry into application of the IHM obligations.

Increased Security Threats for vessels operating in the Gulf of Guinea

BIMCO, ICS, INTERCARGO, INTERTANKO and OCIMF warns that as the dry season approaches and sea conditions abate, an increase in attacks in the Gulf of Guinea has traditionally been seen, so maritime security risks to vessels operating in the Gulf of Guinea require renewed attention.

BIMCO, Safety at sea webinar: Fortifying defences to meet IMO 2021 deadline

BIMCO and  Safety at Sea will be hosting an engaging and informative webinar on 11 August that will include the results of their Maritime Cyber Security survey to inform briefings and discussions among maritime experts.

Ships increasingly risk legal actions in Malacca and Singapore region

The waters in and around the Straits of Malacca and Singapore can pose various risks to ships, one of which is conducting activities outside designated areas, if the ship is not simply transiting continuously and expeditiously.

Crew change requirements -Singapore issues revised circular

The Singapore Maritime Port Authority issued revised crew change requirements on 9 November in the form of PMA circular 42. BIMCO gives a short summary of these requirements.

Crew Change - Shanghai issues notice

With the open of 10 Chinese ports to allow for foreign crew change, Shanghai follows up with the issue of notice on its implementation.

Crew change and repatriation - Governments designate a national focal point of contact

BIMCO provides the information on where you can seek assistance from government states with regard to crew change and repatriation.

BIMCO provides information about dangers associated with the carriage of certain solid bulk cargoes

There are solid bulk cargoes that are commonly transported by bulk carriers and yet many members are not familiar with the dangers that are associated with them. BIMCO provides timely information and advice on cargoes like iron ore fines, bauxite as well as cargoes that are capable of causing oxygen depletion in cargo spaces and adjacent spaces.

4th BIMCO report on the IMSBC Code Amendments - Re-classification of dangerous goods

BIMCO started reporting from 30 September 2020,  a series of articles, informing members of what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. This is the 4th article in the series. Today, BIMCO reports on the re-classification of Group B cargoes in the IMSBC Code.

BIMCO Liquid Cargo Database updated to cover 2021 amendments

BIMCO’s liquid cargo database has been updated to reflect amendments to The International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II Regulations for the Control of Pollution by Noxious Liquid Substances in Bulk.

Macroeconomics: as virus cases surge, a slower recovery awaits

Record-breaking GDP drops seen in the second quarter of the year have been replaced by record-breaking growth rates in the third. Despite this, the major economies of the world have still not returned to pre-pandemic levels, except China.

Stay up to date with BIMCO's shipping market insights at online events

In the coming months, BIMCO’s Chief Shipping Analyst, Peter Sand, will participate in BIMCO’s very own webinar series: The Shipping Markets Checkpoint: threats and opportunities in a COVID-19 world, as well as numerous insightful virtual conferences focusing on the commercial shipping markets.

US soya bean season kicks off with strongest exports in history

Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever.

BIMCO Shipping KPI statement concerning ships’ emission monitoring

The mandatory Energy Efficiency Design Index (EEDI) for new ships and the Ship Energy Efficiency  Management Plan (SEEMP) for all ships are effective regulations for CO2 emissions and provide, in BIMCO’s view, tangible contributions to the global efforts to combat climate change.

New BIMCO Shipping KPI version offers improved benchmarking concept

BIMCO is launching Version 4 of its Shipping KPI system to provide users with improved and more accurate ways of benchmarking their ships and fleets. The new version of the Shipping KPI will feature fundamental changes to the processing of information and include an improved user interface.

New BIMCO Shipping KPI version to improve user interface and benchmarking

The BIMCO Shipping KPI version 4 is expected to be released before the end of September with the aim to provide registered KPI users with improved measures to perform more accurate benchmarking. The new version of the Shipping KPI will feature fundamental changes to the processing of information and include an improved user interface

Associations call for accelerating digitalisation of maritime trade and logistics

The Covid-19 crisis has painfully demonstrated the heterogeneous landscape that currently exists across ports worldwide. With the world’s attention now focused on exiting from lockdowns and preparing for a ‘new normal’, there is an urgent need to co-operate and accelerate the pace of digitalisation, according to a number of leading maritime associations, including BIMCO.

BIMCO encourages uniform ship-port data exchange in IMO submission

BIMCO, flag administrations and port associations have submitted a proposal to the IMO Facilitation Committee to develop IMO guidelines that provide global industry standards for data and data sharing, with the aim to enhance communication and thereby efficiency during port calls.

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.