06 August 2020
Over a series of meetings, the drafting committee developing the new BIMCO term sheet for ship sale and leaseback transactions has considered input received from industry experts. The term sheet is now ready to be presented to the Documentary Committee for adoption.
20 May 2020
BIMCO, Institute of Chartered Shipbrokers and Ocean Technologies Group subsidiary Videotel have partnered to create a high-quality, accessible educational resource to help maritime students across the globe to continue their studies remotely during the coronavirus pandemic.
06 May 2020
The International Association of Classification Societies (IACS) has publicised a new recommendation on how to build cyber resilient ships. It applies to the use of technical systems that provide important functions on board such as control, alarm, monitor, safety and internal communication.
03 April 2020
The International Maritime Organization (IMO) has released guidance for cases when COVID-19 results in unforeseen delays in the delivery of newbuild bulk carriers and oil tankers originally scheduled to be delivered before 1 July 2020. The guidance is particularly relevant to shipbuilders, equipment suppliers, shipowners, surveyors and service engineers.
30 March 2021
BIMCO is providing members, quick and practical guidance on how to handle the COVID-19 outbreak.
03 March 2020
The spread of the COVID-19 virus has led to shipyards claiming ‘force majeure’. This article looks at key issues shipowners should be aware of when it comes to shipbuilding contracts and force majeure.
03 March 2020
The spread of the COVID-19 virus is causing significant issues in the shipbuilding industry, but English law has no general concept of force majeure, and this is a key factor in the relationship between shipyards and shipowners.
20 February 2020
09 May 2019
The introduction of the electronic chart display and information system (ECDIS) to replace paper charts is one of the biggest safety improvements in navigation for years. But lack of a standardised system is overwhelming crew, adding complexity and causing what it was meant to avoid – grounding.
08 April 2019
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.