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Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020.
Get the latest insight and interviews in the latest edition of BIMCO’s Bulletin magazine.
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.
Grey water is an often disregarded emission to the sea from ships but presents a potential source of both contaminants and microplastics. The new BIMCO position aims to clarify a way forward for the shipping industry and defines how we will support our members wishing to take action to reduce their grey water footprint.
Last month the International Energy Agency (IEA) released its Net Zero 2050 report, outlining the actions that are needed to achieve net zero emissions globally by 2050. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
To achieve greater efficiencies to meet ambitious [IMO GHG] targets will require newer ship designs and even greater emissions targets from the engine manufacturers. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
The safety challenges connected with the implementation of the 0.50% sulphur cap are numerous, but not insurmountable. The issues are to some extent known from the implementation of the sulphur emission control areas (SECA) in 2015, among others loss of power, leaking fuel and lower flashpoints. Other issues have to be managed by digging out the experience from the 1980’s with very bad fuel oil quality e.g. instability and incompatibility.
BIMCO’s Documentary Committee has approved two clauses and one contract for publication: The much-awaited Emissions Trading System Allowances (ETSA) Clause for Time Charter Parties 2022, the Infectious or Contagious Diseases (IOCD) Clause for Time Charter Parties 2022 and a revised version of GENCON.
Ahead of President Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs) to ensure ambitious decarbonisation targets are met across the entire global shipping industry.
