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Airline capacity 37% lower than 2019, curbing demand for jet fuel

19 May 2022

In 2019, prior to the onset of the COVID-19 pandemic, jet fuel contributed an estimated 8% of oil products’ cargo demand. When travel restrictions were imposed during the pandemic, air travel suffered significantly and jet fuel shipments in 2021 were down approximately 33% compared to 2019. Airlines’ capacity has been on a slow recovery path since bottoming out in April 2020 but remains significantly lower than 2019 levels.

BIMCO’s analysis shows significant geographical differences when it comes to VLSFO sulphur compliance and ISO 8217 quality problems

14 September 2022

BIMCO, together with the other industry organisations, acquired data on all commercial fuel samples tested by Veritas Petroleum Services (VPS) during 2020. This VPS data clearly shows the geographical differences between the standard of the fuels delivered to ships. Europe and the US seem to have the poorest performance. This is both in relation to sulphur compliance which may lead to increased air pollution, and ISO 8217 quality parameters, which may impact the safety of ships. BIMCO is providing IMO with data on very low sulphur fuel oil (VLSFO) sulphur compliance and ISO 8217 fuel quality problems. The submissions include an invitation to countries to consider implementing and enforcing a licensing scheme for bunker suppliers operating within their jurisdiction. Such a measure should help combat the high level of problems in some of the poorer performing geographical regions.

BIMCO launches initiatives to address shipping’s plastic footprint

17 June 2021

With discussions at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking at what the shipping industry can to do reduce its plastic footprint to ensure momentum is not lost in the absence of formal discussions at the IMO.

BIMCO launches initiatives to address shipping’s plastic footprint

17 June 2021

With discussions at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking at what the shipping industry can to do reduce its plastic footprint to ensure momentum is not lost in the absence of formal discussions at the IMO.

BIMCO has joined Japan to regulate carbon intensity of existing ships

19 February 2020

Panama, Norway, Greece and other influential actors are co-sponsoring a proposal originally tabled by Japan to curb the carbon intensity of existing ships through use of an Energy Efficiency Existing Ship Index (EEXI), much like the Energy Efficiency Design Index (EEDI) which is mandatory for new ships.

BIMCO launches initiatives to address shipping’s plastic footprint

17 June 2021

With discussions at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking at what the shipping industry can to do reduce its plastic footprint to ensure momentum is not lost in the absence of formal discussions at the IMO.