IOPC Funds address risks of uninsured and unsafe ships

The governing bodies of the International Oil Pollution Compensation (IOPC) Funds met from 29 April to 1 May 2024 in London to consider various ongoing issues relating to the Funds’ work, including compensation and treaty matters. BIMCO has observer status at the Funds which provide compensation for oil pollution damage resulting from oil spills from tankers and therefore play a key role in the international liability and compensation regime for oil pollution damage.

Ship arrest focal point of new clause

BIMCO has started work on standard arrest clauses for use in charter parties.

Get the latest update on US regulations affecting your ships!

BIMCO receives a monthly update from the Chamber of Shipping of America (CSA) advising BIMCO of the latest legislative developments affecting international shipping in the US. BIMCO produces a brief based on CSA’s January update so members can have a quick update. The full CSA report is also provided .

BIMCO encourages shipowners to facilitate reporting of energy efficient data

BIMCO is encouraging shipowners to authorise their respective flag state administrations or recognised organisations to report their Energy Efficiency Design Index (EEDI) values for all applicable new ships in their fleet to the The International Maritime Organization (IMO).

Optimism is tangible, although ship yard overcapacity is the looming danger in the horizon

If you work a little harder every day and do your work a little better and smarter today than yesterday, you will stand a better chance of running a successful shipping business. Those words of wisdom catch the optimism bubbling at the NAVIGATOR 2011 event in Athens, Greece. A business full of hardship in recent years has only drowned a few of the die-hard optimists within the shipping industry.

Latest information about the implementation of individual ship monitoring plans

Many shipowners are presently struggling with the implementation of individual ship’s monitoring plans (MP) so here is the latest information as guidance.

Not younger than 18 years, unless…

International dry bulk shipowners seem only to scrap ships aged 18 years or older. While a couple of Chinese owners have scrapped ships that were even younger than that...

Masks to be worn on commercial ships while trading in US waters

As part of COVID-19 safety the US has introduced new safety requirements in the maritime transportation system. This requires all persons, including crew members on board ships proceeding to and trading within the waters under US jurisdiction to wear a face mark while boarding, disembarking and for the duration of the travel. Crew members and port facility personnel may be exempt from wearing a mask only when actively performing a task that would create a health or safety risk if performed wearing a mask and should immediately wear a mask when the task is complete. This exemption does not apply to passengers.

Japan, Hiroshima - Towage

Record deliveries could push container fleet above 30 million TEU in 2024

In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024.