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During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today, the situation is very different and in the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down 4% y/y, and could drop by 10% before 2025.
Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years.
BIMCO has started a discussion with members with the aim to provide a set of definitions that are practical and clear to stakeholders in the shipping industry when discussing climate change.
The alternate fuel space is heating up with many options and variants cropping up under a myriad of colours. Among these options, some are considered short term contenders while some are better bets for the long term. In this 15+15 webinar Joshua Padeti , Senior Engineer from ABS' Houston Sustainability Center aims to provide clarity on the maturity status for the major contenders of alternative marine fuels. Options such as LNG, methanol, ammonia, biofuels, hydrogen etc. will be discussed and their variants green, blue, grey etc will be pitted against each other to estimate where the fuels are today and where they might be in the future. What fuels are the current contenders? How do fuel variants stack up against each other? Which fuel options should we on the lookout for?
BIMCO has started a discussion with members with the aim to provide a set of definitions that are practical and clear to stakeholders in the shipping industry when discussing climate change.
BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry. The proposal has been made to the expert workshop preparing for the study, which is meeting in London 12-14 March.
BIMCO’s committee structure will change to reflect the increased importance of the environment while maintaining a thorough debate on safety. The BIMCO Board of Directors agreed to the change at a meeting in December.
BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.
The 81st meeting of the IMO’s Marine Environmental Protection Committee (MEPC) made some progress on issues of significant importance to BIMCO members – including on mid-term measures for reducing greenhouse gas emissions, the legal uncertainty regarding ship recycling and underwater radiated noise. Additionally, the Committee adopted a number of amendments to Conventions, approved a number of circulars and made significant progress on ballast water management issues.
