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Tanker shipping: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap

25 November 2019

BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance.

Meet BIMCO’s Chief Shipping Analyst at Bloomberg Intelligence in London, UK

29 August 2019

Join Peter Sand at the London International Shipping Week, where he will be participating in the Navigating Through IMO 2020 amid slowing growth discussion hosted by Bloomberg Intelligence. The discussion will cover the outlook for the commercial shipping markets, alongside an IMO panel discussion on how to prepare for the upcoming IMO 2020 Sulphur Cap. The event will be followed with a networking reception.

The new digital BIMCO Bulletin is out

10 September 2018

The new BIMCO magazine the “Bulletin” is out and zooming in on challenges and questions asked ahead of the 2020 sulphur cap. “Sulphur cap consequences will draw focus for two years,” BIMCO’s Secretary General, Angus Frew, points out in his foreword. Also, read the latest market analysis by Peter Sand and read why shipowners urgently need a fuel-management plan.

Alessio Sbraga

16 August 2019

Alessio is a Partner at the London office of International law firm, HFW.  He specialises in international commercial dispute resolution in the marine and offshore sectors, and has over 12 years' experience of advising in respect of charterparties, bills of lading, sale contracts, shipbuilding, MOA, grounding, unsafe port, off-shore (FSO, FPSO, rig, floating accommodation units), bunker and cargo disputes.  He also advises regularly on international maritime regulatory issues, including those relating to MARPOL.  Alessio has an international practice, which involves him advising and representing the main stakeholders in the physical shipping and off-shore chains across the globe. This includes shipowners, charterers, freight forwarders, shippers, bunker suppliers, P&I clubs and underwriters, as well as cargo owners, banks and traders.  He handles large, complex and multi-jurisdictional disputes, and litigation in both the English High Court and in arbitration. More recently, Alessio was a member of the BIMCO sub-committee responsible for drafting the organisation's standard time charterparty clauses in response to the 2020 sulphur cap and related sulphur emission regulations, and is currently advising extensively on the legal and commercial implications arising out of these new regulations to shipowners, charterers, ship managers, P&I clubs and hull underwriters.  He also presents regularly on behalf of BIMCO on this topic. Alessio is qualified in England and Wales, and speaks fluent Italian.

Christian Baekmark Schiolborg

19 August 2019

Christian Bækmark Schiolborg is Manager, Maritime Technology and Regulation at BIMCO. He is responsible for analysing regulatory developments, mainly on the issues of IMO 2020 sulphur cap, fuel safety and reduction of greenhouse gases from ships. Furthermore, he represents BIMCO at international organisations such as the International Maritime Organisation (IMO) and the International Organization for Standardization (ISO) on aforementioned matters. Christian is educated as dual officer (deck officer and marine engineer) and has sailed on container ships and offshore vessels. Before joining BIMCO, he worked 6 years with the Danish Maritime Authority. Here he began as ship surveyor, became port state control officer and ended as special adviser in technical regulation in the department for maritime regulations and legal affairs, where he represented Denmark in IMO on different technical issues and was Head of the Danish delegation in the Sub-committee on Ship Systems and Equipment.