Latest News

Latest news by topic

BIMCO urges nations to co-operate after new Hormuz attacks

BIMCO is urging nations to defuse tension and work together through diplomatic efforts following new attacks on two tankers at the Strait of Hormuz on 13 June.

Gulf of Guinea Piracy Continues to Threaten Seafarers – Industry Wants Action Now

London: Friday, 7 June 2018.  Members of the shipping community, Flag States and Agencies from Gulf of Guinea gathered at the Headquarters of the International Maritime Organization (IMO) for a day-long symposium on Maritime Security in the Gulf of Guinea. The event, co-sponsored by BIMCO, IMCA, ICS, ITF and OCIMF, featured speakers from regional maritime agencies as well as shipping officials, academics and military staff.  The shipping industry, along with seafarer groups, organized the event to highlight the continuing danger to seafarers operating in the Gulf of Guinea.   

New Cyber Security Clause from BIMCO now available

A new standard Cyber Security Clause requiring the parties to implement cyber security procedures and systems to help reduce the risk of an incident, is now available from the BIMCO website.

Updated Hull Fouling Clause clarifies performance suspension trigger

BIMCO has published an updated version of its widely used Hull Fouling Clause for Time Charter Parties. The new edition more clearly sets out the circumstances and point in time when responsibility for hull cleaning passes from owner to time charterer.

Ship arrest clauses focus on “sphere of responsibility”

BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in  recent years when some dry cargo charterers have tightened procedures to arrest under a charter party. 

Eni joins project to develop ASV charter party

Italian energy company Eni, operating in more than 60 countries worldwide and employing more than 30,000 people, will be joining the recently launched BIMCO project to develop a standard charter party for Accommodation Support Vessels (ASVs).     

China and South Korea agree on ballast water exchange rules

China and South Korea have agreed on exemption of ballast water exchange requirements for International ships sailing between People’s Republic of China and the Republic of Korea (South Korea).

BIMCO and INTERTANKO publish Q&As for scrubber-fitted ships

BIMCO and INTERTANKO have jointly published Q&As addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be reviewed for both time and voyage charter parties.

IMO-meeting was not a missed opportunity

What the Marine Environment Protection Committee (MEPC) and the working group accomplished last week, was to finalise and agree on a set of procedures for assessment of impact on states from the proposed short-term measures. An important stop block has thus been removed which paves the way for advancement of individual proposals. The meeting didn’t postpone anything.

IMO issues fuel oil safety recommendations ahead of 2020

The 101st session of the IMO’s Maritime Safety Committee (MSC 101) has held initial discussions in London on how to address the safety of ships when using fuel oil.

Dangers of entry into enclosed spaces for solid bulk cargoes

Accidents including fatalities continue to occur in the cargo holds and adjacent spaces of ships carrying solid bulk cargoes and this is a timely reminder to members about the dangers of entry into enclosed spaces. 

Cyber risk and autonomous ships

BIMCO has submitted four papers to the Maritime Safety Committee. The papers discuss how autonomous ships should be tried before they are allowed to operate, and that cyber risk management should be part of the ship’s Safety Management System.

Weekly piracy reports and analysis

Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.

Nigerian piracy can be managed

On 4 June BIMCO, together with ICS, IMCA, ITF and OCIMF, had arranged a symposium about piracy in the Gulf of Guinea. The symposium came to the conclusion that the Nigerian piracy problem occurs in a small area and can be solved if Nigeria wants it.

Weekly piracy reports and analysis

Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.

Nigerian piracy can be managed

On 4 June BIMCO, together with ICS, IMCA, ITF and OCIMF, had arranged a symposium about piracy in the Gulf of Guinea. The symposium came to the conclusion that the Nigerian piracy problem occurs in a small area and can be solved if Nigeria wants it.

China and South Korea agree on ballast water exchange rules

China and South Korea have agreed on exemption of ballast water exchange requirements for International ships sailing between People’s Republic of China and the Republic of Korea (South Korea).

Panama Canal Authority's deck cooling measures for ships to take immediate effect

The Panama Canal Authority (ACP) issues "deck cooling during transit" requirement effectively immediately for all crude tankers, product carriers and chemical tankers carrying cargoes with flashpoints of less then 18 degrees C.

Testing of solid bulk cargoes for corrosivity - IMO issues interim guidance

The International Maritime Organization (IMO)  issues interim guidance for modified testing of solid bulk cargoes for corrosivity. 

Aluminium dross bulk shipment in containers – Explosion incident

Warning of explosive incidents that could occur with shipment of aluminium dross in bulk containers.

Important changes to the BIMCO Solid Cargo Database

To inform members on coming changes to the online BIMCO Solid Cargo Database.

Container Shipping: The many pitfalls in the coming months will decide the fate of the year

As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.

Tanker Shipping: While we wait for 2020 to kick in, it's all about politics

The tanker market is – even more so than before – all about geopolitics.

Dry bulk: A struggling market gets all hyped up by Capesize volatility

Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.

Fake invoices

BIMCO has been advised of yet another attempted fraud against one of our members.

Fake invoices

BIMCO has been advised of yet another attempted fraud against one of our members.

Fake invoices

BIMCO has been advised of yet another attempted fraud against one of our members.

Newbuilding contracts should require use of Shipdex

BIMCO and MAN Energy Solutions hosted a conference for software suppliers delivering Computerised Maintenance Management Systems (CMMS) to expand the use of Shipdex. Shipdex is the standard protocol for exchanging technical data - such as manuals – electronically between supplier and ships directly, cutting the need for huge stacks of - often outdated - paper manuals.

BIMCO helps pave the way for automated ship reporting

As the shipping sector strives for efficiency, BIMCO has provided input at the International Maritime Organisation (IMO) in a bid to facilitate the harmonisation of data ahead of the April 2019 deadline when new mandatory requirements come into force for automated ship reporting.

BIMCO urges IMO to harmonise digital data reporting

In 2019 the new mandatory requirements on Electronic Data Interchange require public authorities to establish systems for the electronic exchange of information to assist ship clearance processes.