BIMCO and the World Shipping Council (WCS) have launched a proposal for a mandatory and standardized reporting system to be developed, to address the safety and environmental risks associated with containers lost at sea.
The Maritime Safety Committee (MSC 103) meeting of the International Maritime Organization (IMO) was held remotely from 5 to 14 May. One of the issues discussed at the meeting - among a very comprehensive list on the agenda, was new measures to mitigate for containers lost at sea.
The Maritime Safety Committee (MSC 103) meeting of the International Maritime Organization (IMO) was held remotely from 5 to 14 May. One of the issues discussed at the meeting - among a very comprehensive list on the agenda, was new measures to mitigate for containers lost at sea.
2015 was a busy year for container traffic on the eastern coast of the US. 7.9 million TEU of loaded containers entered the US East Coast in 2015, a 12.6% increase - compared to 7 million in 2014.
The Maritime Safety Committee (MSC 103) meeting of the International Maritime Organization (IMO) was held remotely from 5 to 14 May. One of the issues discussed at the meeting - among a very comprehensive list on the agenda, was new measures to mitigate for containers lost at sea.
The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
Over the course of three months late last year and early this year, almost 3,500 containers were lost in a number of incidents in the Western Pacific. This is far above the numbers usually registered for the same period and has raised concern regarding the causes of these incidents.
In a commenting paper drafted by the EU Commission, BIMCO expresses its support for mandatory reporting procedure following detection of containers lost at sea. The paper is a response from World Shipping Council, BIMCO and the EU Member States to a submission from Vanuatu.
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