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The Board of Directors of BIMCO has approved the organisation’s updated greenhouse gas (GHG) position statement, elaborating on who it believes should pay for carbon pricing and warning that excessive retroactive measures could have negative unintended consequences.
The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the industry.
As dust settles on COP26, it is time to reflect on what has actually been achieved. A number of agreements were reached, although not all are related to shipping. Perhaps the most important outcome is the pledge signed by 100+ countries to cut methane emissions by 30% by 2030. Reducing methane emissions is arguably the fastest opportunity today to slow the rate of global warming. Will this potentially improve the environmental credentials of LNG? The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
BIMCO's position has been approved by the BIMCO Board of Directors.
The fourth session of the IMO Sub-Committee on Pollution Prevention and Response (PPR 4) met in London from 16 to 20 January 2017. This report gives a brief overview of most important items, which were debated.
When BIMCO’s Documentary Committee (DC) met on 11 October in Copenhagen, it approved two new clauses and two revised versions of existing contracts. The new standards are being finalised for publication and will soon be made available for use on SmartCon and on the BIMCO website accompanied by explanatory notes.
