Latest News

  • BIMCO makes Holiday Calendar improvements and change to distribution

    As holidays are not static, but constantly changing, BIMCO’s Holiday Calendar is an invaluable tool for many in the industry. Starting this year, BIMCO has made improvements and changes to the accessibility and distribution of the calendar.

  • BIMCO prepares members ahead with the new IMSBC Code !

    The International Maritime Organization (IMO)  has published the latest International Maritime Solid Bulk Cargoes ( IMSBC) Code, incorporating Amendment 05-19, 2020 edition. BIMCO informs members what these new amendments are and how they can access the information on the BIMCO Cargo database section.

  • 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.

  • BIMCO to publish new shortened law and arbitration clause

    BIMCO’s Documentary Committee has agreed to carry out a major overhaul of the Dispute Resolution Clause with the aim to shorten and simplify what has become BIMCO’s longest standard clause.

  • Fake invoices

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

  • Sanctions top busy agenda for BIMCO’s Documentary Committee

    BIMCO’s Documentary Committee (DC) will have a busy agenda when they meet on 5 December. The DC will consider for approval new sanctions clauses for time and voyage charter parties. They will also review progress on a new edition of GENCON and be asked to provide feedback on other projects ranging from a sale and leaseback term sheet to an accommodation support vessel charter party.

Latest news by topic

The December issue of the Bulletin magazine is out

Get the latest insight and interviews in the December edition of BIMCO’s Bulletin magazine.

BIMCO and ICS publish new cyber security guide for crew on board

BIMCO and the International Chamber of Shipping (ICS) have published a new cyber security workbook meant to serve as a guide for the master and officers on board ships and thereby help them prepare for a potential cyber incident.

BIMCO points to ships’ power as a means to curb emissions

BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.

Sanctions top busy agenda for BIMCO’s Documentary Committee

BIMCO’s Documentary Committee (DC) will have a busy agenda when they meet on 5 December. The DC will consider for approval new sanctions clauses for time and voyage charter parties. They will also review progress on a new edition of GENCON and be asked to provide feedback on other projects ranging from a sale and leaseback term sheet to an accommodation support vessel charter party.

Rise in shipments under short term COA prompts new BIMCO standard form

As a result of a rising number of shipments of industrial raw materials such as bauxite, coal and iron ore being transported under COAs, BIMCO is working on a new standard form of contract of affreightment (COA). 

ASBAGASVOY draft ready for first consultation and review

The standard gas tanker voyage charter party codenamed ASBAGASVOY is ready for a first industry consultation as well as review by the Documentary Committee of BIMCO and the Board of the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA).

BIMCO co-sponsors IMO-proposal to revise guidelines on places of refuge

Together with EU countries and industry organisations – BIMCO has co-sponsored a revision on the guidelines on place of refuge for ships in need of assistance to include, among other things, guidelines for situations with more than one nation-state and recommendations for designation of a national competent authority.

Sustainability and women in shipping highlighted at IOPC meeting

At the most recent International Oil Pollution Compensation (IOPC) Funds meeting in London, Ban Ki-moon, former United Nations Secretary-General, spoke to representatives, IMO staff and the Funds’ Secretariat about the value of shipping to international trade, climate change and encouraging and empowering women to play a greater role in shipping.

US encourages ballast water best management practices after finding coral disease

The United States Coast Guard (USCG) and United States Environmental Protection Agency (EPA) have developed voluntary best management practices for ballast water discharges for ships in order to mitigate the risk of transferring Stony Coral Tissue Loss Disease.

IMO starts work to identify Autonomous Ships regulation

The IMO’s Maritime Safety Committee (MSC) considered the ongoing scoping exercise to identify affected IMO regulations by Maritime Autonomous Surface Ships (MASS) at its 101st session in which the Maritime Technology & Regulation and Security departments represented BIMCO.

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. 

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.

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.

BIMCO and ICS publish new cyber security guide for crew on board

BIMCO and the International Chamber of Shipping (ICS) have published a new cyber security workbook meant to serve as a guide for the master and officers on board ships and thereby help them prepare for a potential cyber incident.

BIMCO improves its Port Information database

BIMCO has a proud tradition for providing the maritime industry with reliable information on port facilities, working hours and national holidays. In order to provide the best solution, BIMCO’s port information database has been restructured and updated.

BIMCO Ice Information section - complete update

Check out our BIMCO Ice Information section which has been completely updated.

US expands Iranian Sanctions and issues shipping advisory

The United States Office of Foreign Assets Control (OFAC) has expanded sanctions against Iran and issued an advisory to the shipping community. 

BIMCO supports new Group A definition of cargoes that may liquefy

BIMCO has contributed to a discussion at the IMO to change the definition of Group A cargoes that may liquefy, after new research on liquefaction of bauxite cargoes concluded that dynamic separation can also affect cargo stability in addition to liquefaction.

Is your bulk cargo exempted from requiring a ship having CO2 fittings?

BIMCO advises on how you could check whether your solid bulk cargo is exempted from having a requirement to have a ship fitted with a fixed gas fire-extinguishing system.

Container Shipping: Pressure remains despite some of the trade war damage being offset by a reshuffling of manufacturing in Asia

With fleet growth of 3.7%, compared to global container shipping demand growth of only 1%, even blanked sailings have been unable to lift freight rates.

Dry Bulk Shipping: Freight rates down from multi-year highs as the market fundamentals make themselves felt

The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.

Tanker shipping: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap

BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance.

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.

BIMCO submits proposals to IMO to enhance exchange and harmonization of data

BIMCO has submitted two proposals to the International Maritime Organization (IMO) to pave the way for easy exchange of port logistic operational data and allow for real-time updates (notifications) between ship and shore.

IMO starts work to identify Autonomous Ships regulation

The IMO’s Maritime Safety Committee (MSC) considered the ongoing scoping exercise to identify affected IMO regulations by Maritime Autonomous Surface Ships (MASS) at its 101st session in which the Maritime Technology & Regulation and Security departments represented BIMCO.

New Consortium will help enable the maritime digital revolution

A Maritime Connectivity Platform Consortium (MCC) has been launched to enable the development of the Maritime Connectivity Platform (MCP) and thereby help facilitate the digitalisation of the maritime sector.