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Cyber security survey shows more action is needed in the industry

18 October 2018

The result of a cyber security survey launched by BIMCO, Fairplay and ABS Advanced Solutions shows that while the number of cyber related attacks within the last 12 months has declined; protective measures, training and awareness need to improve.

Shipping industry to remove the Indian Ocean High Risk Area

22 August 2022

At 00:01 UTC on 1 January 2023, the Indian Ocean High Risk Area (HRA) for piracy will be removed. The removal of the HRA reflects a significantly improved piracy situation in the region, but voyage preparation, threat and risk assessment are essential when following Best Management Practice 5 (BMP5).

The shipping industry is not immune to a pandemic

19 March 2020

The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent?

Will the dry bulk industry become profitable in 2018?

20 December 2017

It looks like 2018 will be a year that shipowners should take advantage of, as the dry bulk fleet is likely to grow at the slowest pace seen since 1999, and BIMCO sees global demand growth outstripping supply growth in 2018.

Industry experts draft new BIMCO S&P agreement

30 January 2020

BIMCO is developing its own standard Memorandum of Agreement (MOA) for ship sale and purchase (S&P). The new BIMCO MOA is rapidly taking shape after just three meetings of the expert group, the most recent at the offices of Louis Dreyfus in Paris on 27 January.