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Get the latest insight and interviews in the latest edition of BIMCO’s Bulletin magazine.
The 81st meeting of the IMO’s Marine Environmental Protection Committee (MEPC) made some progress on issues of significant importance to BIMCO members – including on mid-term measures for reducing greenhouse gas emissions, the legal uncertainty regarding ship recycling and underwater radiated noise. Additionally, the Committee adopted a number of amendments to Conventions, approved a number of circulars and made significant progress on ballast water management issues.
BIMCO welcomes the recognition of the European Commission (EC) that climate change is a global issue that requires mobilisation of partners internationally.
The subcommittee tasked with the revision of BIMCO’s suite of third party management contracts continues its work to develop a standard Emission Trading Scheme Allowances (ETSA) Clause for use with the popular ship management agreement SHIPMAN. The aim is to present a draft standalone clause for possible adoption by BIMCO’s Documentary Committee when it meets next in Copenhagen on 11 October.
The shipping industry is on the verge of major changes requiring strong collaboration between ship builders, ship owners and classification societies, agreed the 70 plus participants of the 2018 Tripartite Forum held in Seoul, South Korea on 11 and 12 October.
Ahead of President Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs) to ensure ambitious decarbonisation targets are met across the entire global shipping industry.