05 August 2020
The International Maritime Organization (IMO) has published its 4th Greenhouse Gas (GHG) study, and BIMCO finds the results very encouraging, as data confirms the industry can reach the 50% lower IMO emissions target in 2050.
09 March 2020
The Chairpersons of the Round Table of international shipping associations (RT) met in Rome in February to discuss current issues and coordinate efforts going into the new decade, widely billed to become one of the most important in shipping’s history.
26 February 2020
The fundamental balance will continue to deteriorate in 2020, offering little support to operators hoping to pass on higher fuel costs, caused by the sulphur cap, to shippers.
18 December 2019
The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year period.
17 December 2019
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.
03 December 2019
BIMCO has forwarded the results of a biofouling survey to the International Maritime Organization (IMO) to contribute with insight into biofouling practices ahead of the IMO’s revision of the existing guidelines for ships’ biofouling.
30 September 2019
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.
10 July 2019
You won’t find many – if any – who disagree that the higher the speed of a ship, the higher the level of greenhouse gas emissions. So why would I argue that, while imposing speed limits may have a popular ring to it, it is not the answer as the industry seeks to cut emissions? After all, our mission is to do exactly that: cut emissions.
03 June 2019
Many industries, including shipping, are facing an increasing environmental pressure to act upon the Paris Agreement. In April last year, the IMO’s Marine Environmental Protection Committee (MEPC) set out their initial strategy, which envisages the reduction of greenhouse gas (GHG) emissions by at least 50% by 2050 compared to 2008 levels. The ambition also is to reduce CO2 emissions (which account for about 82% of all GHG emissions) by at least 40% by 2030, pursuing efforts towards 70% by 2050 from the 2008 baseline.
The weekly tanker market report by Gibson Shipbrokers.
14 May 2019
Şadan Kaptanoğlu, managing director of HI Kaptanoglu Shipping, was elected President of BIMCO – the world’s largest shipping association – at its General Meeting in Athens on Tuesday 14 May.