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Ship financing just got less complicated

02 May 2018

BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.

BIMCO and RINA propose method to calculate energy efficiency of existing ships

10 March 2021

BIMCO and the Royal Institution of Naval Architects (RINA) have identified a need for – and therefore proposed - an alternative method to determine an accurate reference speed in connection with a carbon reduction framework currently under development by the International Maritime Organization (IMO). The aim is to secure that older ships also can obtain a reliable energy efficient design index (for existing ships), even if the original sea trial data from when the ship was delivered, is lost.

IMO agrees to ban PFOS from firefighting systems on board ships

09 March 2022

To protect crew against exposure to dangerous substances used in fire-fighting systems, as well as to minimise the impact on the environment, the IMO’s Sub-Committee on Ship Systems and Equipment ( SSE) has finalised prohibition of perfluoro-octane sulfonic acid ( PFOS) from fire-fighting systems on board ships