06 July 2018
The safety challenges connected with the implementation of the 0.50% sulphur cap are numerous, but not insurmountable. The issues are to some extent known from the implementation of the sulphur emission control areas (SECA) in 2015, among others loss of power, leaking fuel and lower flashpoints. Other issues have to be managed by digging out the experience from the 1980’s with very bad fuel oil quality e.g. instability and incompatibility.
03 July 2018
It is a daunting task so prepare a fleet of ships for the sulphur regulations. Therefore, BIMCO has, together with the partners behind a new IMO-proposal, made a draft for an implementation plan for achieving compliance with the 0.5% global sulphur cap. The plan has the additional purpose of showing the good faith of the ship operator during inspections.
02 July 2018
BIMCO argues for clear regulations for when and where the samples for fuel in use are taken. The current proposal for sulphur content sampling of fuel on ships would require extensive fitting of new sampling points.
28 June 2018
In response to the global sulphur limit of no more than 0.50% that will come into force on 1 January 2020, BIMCO has established a subcommittee for the development of a charter party clause that will address the issues related to the new regulations.
26 June 2018
The Asian gypsy moth season is here again. A reminder to all members calling at areas considered AGM high risk to be aware of the AGM requirements issued by various governments to prevent entry of AGM into their countries.
25 June 2018
It has been three years since the Chinese government first allowed the independent refineries to directly purchase crude oil on the open market, provided they met certain conditions. At the beginning, eleven independents were licenced to import just over 49 million barrels of crude in the first year of operation. By 2018, the government, as part of their aim to tackle environmental issues, announced even tighter regulations and taxation on the independent refiners and blenders in an effort to weed out small operations and deal with tax evading players.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
19 June 2018
BIMCO and Fairplay are encouraging members to participate in a survey that will result in greater awareness on how the industry prepares for and handles cyber attacks.
08 June 2018
BIMCO is helping the industry raise its voice against maritime corruption and supports initiatives that help fight unfair trade.
08 June 2018
As the shipping sector strives for efficiency, BIMCO has provided input at the International Maritime Organisation (IMO) in a bid to facilitate the harmonisation of data ahead of the April 2019 deadline when new mandatory requirements come into force for automated ship reporting.
08 June 2018
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA May report is also provided.