Malaysia, Labuan Federal Territory, Labuan - Infrastructure

Malaysia, Labuan Federal Territory, Labuan Offshore - Infrastructure

COVID-19 restrictions are updated

BIMCO makes a continuous effort to provide information on the most recent restrictions.

Ship recycling: Time for Change

BIMCO COVID 19 weekly report dated 7 January 2022

This BIMCO COVID 19 weekly report for the week ending 7 January covers the World Health Organization (WHO), Argentina, China, France, Hong Kong SAR, Singapore and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO and International Labour Organization (ILO).

China, Shantou - Situation

Join BIMCO’s seminar in Dubai on the new ship financing term sheet

We are pleased to invite you to join us in Dubai on 16 October for a seminar hosted jointly by BIMCO and Citibank on BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM.

EU 180 Ship Recycling Seminar

The commercial and legal issues involved in selling ships for recycling are complex and far-reaching. The main concern is the safety of workers and the protection of the environment when ships are recycled, as well as ensuring that proper procedures are followed regarding worker rights and the further downstream management of hazardous and other wastes. The IMO Hong Kong Convention, which will enter into force in June 2025, and its accompanying guidelines, as well as the Basel Technical Guidelines on ship recycling, aim to ensure that ships are recycled in a safe and environmentally friendly manner. The HKC also requires that contracts between ship owners and recycling yards are in place before any recycling work is undertaken. Furthermore, certain legal requirements must be met in order for ships to be recycled, such as obtaining the necessary certificates and permits. Finally, the recycling process must be conducted in a manner that complies with international standards and conventions. Shipowners with ships flying the flag of an EU Member State face additional challenges of recycling those vessels in a manner that complies with regional legal requirements and environmental standards. This recycling can only occur at approved recycling facilities included in the EU list, leaving the shipowners with limited recycling options. As a result, those shipowners are facing additional difficulties, such as a ban on going to facilities in no-OECD States, even if any would be on the EU list, depending on the location of the ship when it becomes end of life. In an industry operating continuously at the global level, this creates major legal uncertainties and a serious distortion of competition between ships flying the flag of an EU Member State and other ships. Watch the BIMCO movie: “Ship recycling: Time for Change” https://www.bimco.org/trending-topics/recycling

Andrew Rigden Green

Andrew is a partner at the Hong Kong office of Stephenson Harwood. Andrew is a specialist in marine and international trade matters, including shipbuilding and construction, installation and operation of offshore structures. He is an expert in arbitration, litigation and mediation and is the head of the marine and international trade team in Hong Kong. Andrew has a wide range of experience in dry shipping and international trade and trade finance dispute resolution. He has represented clients in the English and Hong Kong high courts and courts of appeal, in arbitrations in London and Hong Kong and has conducted numerous mediations. He is familiar with LMAA, ICC, HKIAC and GAFTA arbitrations. Andrew has particular experience in jurisdiction disputes and in obtaining injunctions in support of litigation and arbitration.

Andrew Rigden Green

Andrew is a partner at the Hong Kong office of Stephenson Harwood. Andrew is a specialist in marine and international trade matters, including shipbuilding and construction, installation and operation of offshore structures. He is an expert in arbitration, litigation and mediation and is the head of the marine and international trade team in Hong Kong. Andrew has a wide range of experience in dry shipping and international trade and trade finance dispute resolution. He has represented clients in the English and Hong Kong high courts and courts of appeal, in arbitrations in London and Hong Kong and has conducted numerous mediations. He is familiar with LMAA, ICC, HKIAC and GAFTA arbitrations. Andrew has particular experience in jurisdiction disputes and in obtaining injunctions in support of litigation and arbitration.