BIMCO submitted a proposal to the IMO that aims to help curb emissions by regulating ships’ power, rather than focusing on raw speed limits, and presents a way to cut emissions based on the average performance of each ship type trading at target operational speeds for the past three years.
BIMCO’s new DISMANTLECON contract, the first global standard contract designed for the dismantling and removal of offshore structures in the energy sector, is now available. The contract aims to provide a balanced set of terms and conditions to both parties in the process.
BIMCO’s newly elected president, Turkish shipowner Sadan Kaptanoglu, aims to gather as many as possible shipowners to find a way to protect the environment, discussing the 2020 sulphur cap, the 2050 targets on reducing the GHG emissions and plastic debris.
BIMCO’s Manager, Christian Baekmark Schiolborg, suggests that the fuel oil non-availability report (FONAR) should be the last option for one that is in a bad situation. The FONAR is a record of actions that the ship has to document in the attempt to bunker non-compliant fuel oil and have evidence.
A joint project from BIMCO and the Association of Ship Brokers & Agents to develop a standard gas tanker voyage charter party took a big step forward at a subcommittee meeting on 5-6 September. The target of the project is to develop a standard form for the chartering of tankers for LPG, anhydrous ammonia and chemical gases based on the tanker charter party, ASBATANKVOY.
In our special column this time, we are pleased to host an interview with Peter Sand, Chief Shipping Analyst at BIMCO who finds his job both exciting and challenging as it combines his two key areas of interest: geography and money in a perfect manner, as he explains.
During the London International Shipping Week major stakeholders of the shipping industry such as BIMCO, ICS, and INTERTANKO, discussed about the future of shipping, focusing on the preparations of the implementation of the 2020 sulphur cap, while also discussing the 2050 target on reducing shipping emissions.
The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million tonnes in June 2019, according to BIMCO. Also contributing to the June record was South Korea, as exports to the other main Far Eastern buyer reached an all-time high volume of 2.3m tonnes.
Marsden Point, in north New Zealand, came out as the highest-rated bulk terminal in BIMCO’s Terminal Vetting Scheme. Just under 95% of the reports were rated average or better in the BIMCO report, which gave an average rating of 3.6 (out of five), suggesting positive trends for the future.
The complexity of the systems of a vessel requires a crew continuity and a stable crew team, with expertise on a specific vessel that will be able to overcome any operational challenges. BIMCO’s London Correspondent, Michael Grey, comments that ‘stable teams of senior officers can give improved performance through a greater sense of ownership, responsibility and accountability.’
