Tag: BIMCO

BIMCO has announced that it has taken ownership of the unique Shipping KPI System

BIMCO announced that Philippe Louis-Dreyfus, of Louis Dreyfus Armateurs, will be its new president for the next two years

The decision of the EU Council to launch EUNAVFOR Med was strongly welcomed by BIMCO

The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage

  The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned if the international convention to regulate ships’ ballast water comes into force in the near future without a realistic implementation schedule that recognises the timetable for US type-approved Ballast Water Management Systems (BWMS) to be available in sufficient quantities. The RT believes that the resulting dilemma would force the international shipping industry to spend millions of dollars on BWMS that may not achieve US type-approval and therefore will need to be replaced in a short period of time. The RT emphasizes that it supports the need for international requirements to protect local ecosystems from the impact of invasive species carried in ships’ ballast water. The RT also firmly believes that shipping is a global industry requiring global regulation.  The Ballast Water Management Convention is developed by the International Maritime Organization (IMO) and is therefore the best instrument to achieve this objective. The RT expects the Convention will be ratified very shortly and enter into force as early as 2016. Shipowners that have not already done so, will be required to spend between US$1M and US$5M to install a ...

  Following yesterday’s vote in the European Parliament, adopting a regional EU Regulation on the Monitoring, Reporting and Verification (MRV) of individual ship emissions of CO2, the International Chamber of Shipping (ICS), BIMCO and Intercargo have issued the following statement: ‘’Today’s vote was expected, being based on the political agreement reached between the EU institutions at the end of last year. However, the shipping industry is still disappointed by the Parliament’s confirmation of the EU decision to pre-empt the current International Maritime Organization (IMO) negotiations on a global data collection system on shipping’s CO2 emissions by adopting a unilateral, regional Regulation on the Monitoring, Reporting and Verification of individual ship emissions – which will also apply to non-EU flag ships trading to Europe – in advance of IMO completing its work. Until now, with the industry’s support, the IMO negotiations have been progressing well. But there is a danger that the EU initiative will be seen by non-EU nations as an attempt to present them with a fait accompli. The EU Regulation includes controversial elements, such as the publication of commercially sensitive data on individual ships, an idea which had previously been rejected by the majority of IMO governments during ...

BIMCO and the Global Shipping Forum have now launched a new standard contract - named "SERVICECON"

In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels

BIMCO has stated that it appreciates the reduce of the reliance on merchant shipping to rescue distressed migrants

The Global Shippers' Forum has joined forces to launch the BIMCO/GSF SERVICECON container shipping contract