BIMCO position statement 14: Autonomous Ships
12 June 2023BIMCO's position has been approved by the BIMCO Board of Directors.
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BIMCO Search Results
Results for:Ship arrest
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Demand shocks drive ship recycling to lowest level in 20 years
04 April 2024Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for longer than usual.
Secondhand container ship deals jump over 100% in H1 2021
01 July 2021During the first half of 2021, a total of 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: Vessels Value).
SHIPSALE 22
06 March 2023SHIPSALE 22 is a standard Memorandum of Agreement (MOA) for ship sale and purchase. It provides an innovative and comprehensive approach to sale and purchase agreements with clauses following the sequence of events as they play out in a sale and purchase transaction. Copyright in SHIPSALE 22 is held by BIMCO.
China bans scrapping of foreign ships by end of year
09 July 2018The Chinese government has vowed to put an end to the scrapping of ships not carrying a Chinese flag.
Ship Management Contracts
16 April 2020The handy guide contains explanatory notes to all of BIMCO’s current standard ship management contracts.
Cyber risk and autonomous ships
30 April 2019BIMCO has submitted four papers to the Maritime Safety Committee. The papers discuss how autonomous ships should be tried before they are allowed to operate, and that cyber risk management should be part of the ship’s Safety Management System.
EU ship recycling rules can affect non-EU flags
08 April 2019Since the beginning of 2019, the EU has had its own set of rules for ship recycling. The rules may even influence shipowners not using an EU flag.
Ship financing just got less complicated
02 May 2018BIMCO 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.
Shore leave and access to ships in US ports
07 June 2013In cases where ships encounter extraordinary difficulties due to overly tight security measures, ships are encouraged to address the perceived problem to the local US Coast guard captain of the port, and keep their company informed. The BIMCO Security Department also appreciates being kept informed of such problems.
