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BIMCO is setting up a sounding board with the aim to engage a broad group of stakeholders in the process of drafting a sale and leaseback term sheet, as the sale and leaseback market continues to expand.
Photis M. Panayides is a Professor of Shipping and Maritime Economics at the Cyprus University of Technology and Dean of the Faculty of Management and Economics. Prof. Panayides has 23 years of professional experience and has held appointments or research collaborations at, among others, The University of Plymouth, The University of Reading, The Hong Kong Polytechnic University and the National University of Singapore. Prof. Panayides has authored the books Principles of Chartering and Professional Ship Management and has edited or co-edited four books, including Maritime Logistics, Shipping Operations Management, and the Handbook of Maritime Management. He has consulted on the development of key performance indicators and performance management in shipping organisations and published several scientific journal papers in esteemed academic journals. Prof. Panayides serves on the editorial board of several academic journals and has served as Vice-President of the Board of Directors of the Cyprus Ports Authority and as a member of the Council of the International Association of Maritime Economists.
Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows.
A report commissioned by BIMCO shows that while the EU list of approved ship recycling facilities continues to grow, new additions have not added significant capacity to meet the demands of the global shipping industry. Therefore, BIMCO believes focus must shift towards adding facilities outside of the EU. The report also shows that the EU audit system works as intended for non-EU recycling facilities.
