Tag: BIMCO

According to BIMCO, 2015 has been the year of the tanker. Analysis shows more optimism in sight for tankers in the winter season.

The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015.

New boundaries for the HRA - further practical measures for implementation BIMCO advised that the co-sponsors of BMP 4 have agreed to a revised definition of the High Risk Area. The High Risk Area is now defined as being bounded by:In the Red Sea: Latitude 15oNIn the Gulf of Oman: Latitude 22oNEastern limit: Longitude 065oESouthern limit: Latitude 5oSAmendment to section 2 of BMP 4, accompanying guidance on the revision's impact and further practical measures for implementation in the context of company and shipboard planning as described in sections 6 and 7 of BMP 4.The revisions are effective and will formally apply as of 1 December 2015, in order to give shipping companies and crews time to adapt to them.It is strongly recommended that the revisions are taken into account as soon as possible for voyages through the VRA and HRA for which risk assessments are yet to be conducted, as the changes may have implications for charter party and insurance agreements as well as ship security.The revisions will be provided on industry websites, includingwww.bimco.org, as well as NATO Shipping Centre (www.shipping.nato.int) and MSCHOA (www.mschoa.org).It is not anticipated that there will be a need to publish a fully revised version of ...

Regarding the Hazardous and Noxious Substances by Sea In a joint position paper submitted by ECSA, ICS and BIMCO to EU member States' maritime attachés, member States have been urged to ratify or accede to the Protocol of 2010 to the International Convention on Liability and Compensation for Damage in connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996 (the 2010 Protocol).In its paper, ECSA, ICS and BIMCO highlight a number of reasons for their call to member States, including that a speedy ratification of the 2010 Protocol will establish an international regime for HNS damage, which will provide victims (claimants) of HNS damages with compensation on a very high level (i.e. 350 million USD / 310 million Euros per incident).The position paper also highlights that failure of the 2010 Protocol to enter into force is an important gap in the current successful and effective framework of liability and compensation for pollution damages developed by the International Maritime Organization. This is in line with BIMCO's strong support to international regulation for shipping.The issue of EU member States' ratification of or accession to the 2010 Protocol is currently being discussed in the European Council's Shipping Working Party and ...

 In a joint position paper submitted by ECSA, ICS and BIMCO to EU member States’ maritime attachés, member States have been urged to ratify or accede to the Protocol of 2010 to the International Convention on Liability and Compensation for Damage in connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996 (the 2010 Protocol).In its paper, ECSA, ICS and BIMCO highlight a number of reasons for their call to member States, including that a speedy ratification of the 2010 Protocol will establish an international regime for HNS damage, which will provide victims (claimants) of HNS damages with compensation on a very high level (i.e. 350 million USD / 310 million Euros per incident).The position paper also highlights that failure of the 2010 Protocol to enter into force is an important gap in the current successful and effective framework of liability and compensation for pollution damages developed by the International Maritime Organization. This is in line with BIMCO’s strong support to international regulation for shipping.The issue of EU member States’ ratification of or accession to the 2010 Protocol is currently being discussed in the European Council’s Shipping Working Party and ECSA, ICS and BIMCO believe it is important, ...

A new BIMCO clause provides a clear allocation of responsibility and costs relating to fumigation operations

According to BIMCO, China's steel exports are not enough to support the freight market as you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market.

BIMCO's Shipping KPI System aims to be an indispensable and trusted tool of performance measurement for all ship owners, operators and managers - without compromising their commercial data.

The Maritime and Port Authority of Singapore kicked off the 2nd Maritime Safety Forum

BIMCO knows of a number of PMSCs who are using non-authentic copies of GUARDCON to conclude transit agreements with shipowners