03 July 2018
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.
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.
21 April 2022
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.
18 April 2017
BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.
15 June 2020
BIMCO is developing a term sheet for ship sale and leaseback transactions, SHIPLEASE, and is seeking input from industry experts on the new standard.
10 January 2022
05 May 2022
At the recent BIMCO Ship Manager Advisory Panel meeting the main topic was not surprisingly, the ongoing negotiations about t he future EU ETS.
18 January 2017
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.
27 May 2021
Total orders of dry bulk, tanker and container ships in the first five months of the year have jumped 119.7% compared with the same period in 2020, primarily driven by record high container ship contracting, as investors in this segment find themselves flush with cash.
18 October 2021
Biofouling is the accumulation of aquatic plants and animal organisms on surfaces and structures immersed in or exposed to the aquatic environment. Biofouling growth on ships’ hulls means an increase in drag (resistance of the ship through the water) leading to more fuel consumption, and more greenhouse gases (GHG) emitted. State-of-the-art management of biofouling will result in significant fuel efficiency gains, in addition to minimizing the transfer of invasive aquatic species to local marine environments.