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In a bid to encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has published a new clause for voyage charter parties to promote more efficient shipping procedures and as a result, help reduce CO2 emissions.
At the launch of the Fourth International Maritime Organization’s Greenhouse Gas Study, eyes rested primarily on the fact that CO2 emissions from the shipping industry rose between 2012 and 2018. The focus on this six-year period diverted attention from what should not have been missed – the year 2009.
Following a recent system update and migration to new servers, BIMCO’s ship performance benchmarking tool, Shipping KPI, now provides you with new features and a more user-friendly design.
Providing the lists of solid bulk cargoes that can be exempted from CO 2 fittings as issued by the International Maritime Organization.
BIMCO would like to encourage states and the industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create a level playing field for the industry.
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties.
Carbon capture and storage (CCS) is not a novel concept. Many of the early facilities were developed to be a direct source capture from power generation or gas processing plants with CO2 storage sites nearby (with first operations dating back to 1972!). The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The IMO’s carbon intensity indicator (CII) and Energy Efficiency Existing Ship Design Index (EEXI) will come into effect on 1st of January 2023. These measures form a key part of the IMO’s strategy to lower CO2 emissions from the industry. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
