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MARPOL Annex VI, regulations 26 & 28 incorporates requirements on ships of 5000 GT and above of certain types to amend their Ship Energy Efficiency Management Plans (SEEMP) with a new mandatory part III, and to calculate their “required annual operational CII” and their “attained CII” for each year starting 1 January 2023.
Small practical steps and a holistic attitude are vital to shipping’s journey towards a fairer and greener future, says Prominence Maritime’s Ioanna Procopiou.
The second meeting of the BIMCO ESG Network held on 21 June 2023 focussed on “getting started” with an ESG strategy - looking at how to build a strategy, prioritisation, and most importantly the challenges that might be faced. A lively discussion looked at wide ranging topics from why start, who pays, what standards to use and how to communicate.
Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and tanker ships have a scrubber installed. Despite the slowing rate of installations, the share of ships with a scrubber is set to increase in coming years as 17% of ships in the shipyards’ order books are expected to have a scrubber installed.
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a young fleet are keeping the order book small.
The training program has been specifically tailored to meet the needs of individuals who require an understanding of the maritime industry within a condensed two-day timeframe. It is designed especially for professionals in the public and political sectors. Still, it will be suitable for a wide range of professionals with a vested interest in learning more about the maritime and shipping sector. The programme has been developed jointly by the Antwerp Maritime Academy, The Belgian Shipowners Association, and BIMCO. Each organisation contributed unique skills to enhance the program's quality and relevance. The programme is practical in scope, with a visit to the Port of Antwerp and presentations on contemporary topics like global regulations affecting shipping and their commercial strategies, sustainability efforts in shipping, and an overview of shipping as a critical infrastructure component in global trade.
The 47th session of the International Maritime Organization’s (IMO) Facilitation Committee (FAL) was held in London at the IMO headquarters on 13-17 March. A BIMCO delegation was present with the aim to raise awareness of the importance of digitalisation within the maritime industry, calling for the IMO to develop a specific strategy on digitalisation.
Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports.
In Athens last week, the leaders of the major shipping industry trade associations agreed to work together to prioritise seafarers.
The revised IMO GHG reduction strategy agreed during the IMO Marine Environment Protection Committee meeting (MEPC 80) in London on 7 July 2023 marks a new beginning of the efforts to limit shipping’s GHG emissions.
