30 June 2020
Oil product tankers earnings have skyrocketed in the first half of 2020, while the Sale and Purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016.
06 May 2021
The International Maritime Organisation’s 2020 global sulphur limit for marine fuel oil has been in force for more than a year. BIMCO, The International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO are calling on Fleet Managers, Vessel Managers, Technical Superintendents, Masters and Chief Engineers to share their insight and experiences with marine fuels in a new survey aimed at identifying potential quality and quantity issues.
10 January 2022
The Law and Arbitration Clause 2020 replaces the Dispute Resolution Clause 2017. There are versions available for four named arbitration venues – London, New York, Singapore and Hong Kong. The mediation provision found in earlier versions of this clause has been removed and made into a free standing clause that parties can incorporate by choice. The Law and Arbitration Clause 2020 consists of five short subclauses. Adopted 21 September 2020
18 March 2020
The coronavirus pandemic is impacting global shipping demand for 2020 negatively.
25 February 2019
The new BIMCO magazine the “Bulletin” is out. The February issue looks at the financial side of 2020, offers the latest market analysis from Chief Shipping Analyst, Peter Sand and talks to the UN about smuggling. Also, BIMCO’s Secretary General, Angus Frew, calls for naval support in the Gulf of Guinea in his foreword.
23 January 2020
Peter Sand will offer his view of the most relevant future commercial aspects to the shipping industry in Athens at the Slide2Open Shipping Finance conference on 30 January 2020.
16 October 2018
BIMCO’s chief shipping analyst will be participating at Bloomberg Intelligence shipping seminar in London on 12 November and Frankfurt on 13 November.
23 December 2019
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.
04 June 2020
Informing members of the closure of BIMCO Ice Reporting Season for 2019/2020.
28 January 2020