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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.
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.
BIMCO supports a proposal from the Netherlands and Germany to amend MSC.1/Circ. 1374 concerning the removal of asbestos containing material (ACM) installed on board ships with the aim to keep both ships and crew safe.
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 September report is also provided.
Autonomous ships in active operation as Yara Birkeland marks first 6 months in service.
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.
The Hebei Maritime Safety Administration (MSA) in China has recently released a case where the local regulator fined a ship that burned high sulphur content fuel.
Is the shipping industry ready to give up the use of single-use plastics onboard ships?
At the recent BIMCO Ship Manager Advisory Panel meeting the main topic was not surprisingly, the ongoing negotiations about t he future EU ETS.
