Latest News

• BIMCO COVID 19 weekly report

  18 June 2021

  The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 18 June 2021.

• Shipping industry urges governments to act on USD 5 billion decarbonisation fund

  18 June 2021

  The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the industry.

• International Maritime Organization bans toxic paint substance cybutryne

  18 June 2021

  At the 76th session of the Maritime Environmental Protection Committee (MEPC 76), the IMO has prohibited the use of cybutryne in antifouling systems (AFS) from 1 January 2023, as studies have proven that the substance is harmful to a variety of marine organisms.

• BIMCO launches initiatives to address shipping’s plastic footprint

  17 June 2021

  With discussions at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking at what the shipping industry can to do reduce its plastic footprint to ensure momentum is not lost in the absence of formal discussions at the IMO.

• BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts

  17 June 2021

  A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund guarantee issued by a bank. BIMCO’s Documentary Committee has adopted a clearly worded standalone refund guarantee that will assist parties in their shipbuilding projects.

• BIMCO welcomes updated IMO Compendium to advance electronic data

  17 June 2021

  Standardising and harmonising electronic ship to shore communication for reporting purposes was high on the agenda at the International Maritime Organization’s (IMO) virtual Facilitation Committee (FAL) meeting held from 1-7 June 2021 (FAL 45).

• BIMCO COVID 19 weekly report

  11 June 2021

  The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 11 June 2021.

• Shipping industry welcomes Nigeria’s creation of “Deep Blue” to stamp out piracy in the Gulf of Guinea

  10 June 2021

  The Round Table of Shipowner Associations and OCIMF have expressed their full support for the launch of Nigeria’s Deep Blue Project.