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COSCO chair receives BIMCO President’s award

Captain Xu Lirong, Chairman of COSCO Shipping, received the President’s Award at the BIMCO Conference in Shanghai for his excellent life-long service to the shipping industry. China Merchants Energy Shipping received the award for Best Shipping Company of Greater China Area 2019.

The new digital BIMCO Bulletin is out

The new BIMCO magazine the “Bulletin” is out. The February issue looks at the financial side of 2020, offers the latest market analysis from Chief Shipping Analyst, Peter Sand and talks to the UN about smuggling. Also, BIMCO’s Secretary General, Angus Frew, calls for naval support in the Gulf of Guinea in his foreword.

BIMCO demands 4th IMO GHG Study based on realistic economic growth

BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry. The proposal has been made to the expert workshop preparing for the study, which is meeting in London 12-14 March.

BIMCO issues new Shipmanagers’ Letter of Undertaking

A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.

BIMCO publishes two 2020 sulphur clauses

BIMCO has published two sulphur content related bunker clauses which are now available on the BIMCO website and on SmartCon, BIMCO’s contract editing solution.

GENCON update will include new owners’ responsibility clause

BIMCO’s Documentary Committee has discussed and approved a proposal to re-write GENCON’s Clause 2, which deals with owners’ liabilities. It is part of a major overhaul of the industry’s most widely used standard voyage charter party.

IMO Sub-committee seeks further studies of open loop scrubbers

The sixth meeting of IMO’s Sub-Committee on Pollution Prevention and Response (PPR 6) has concluded that further studies of the impact from discharge of washwater from open loop scrubbers are needed and has invited member states and international organisations to submit further information.

BIMCO says FONAR guideline is good news, fuel sampling issues need more work

BIMCO has at the latest meeting at the International Maritime Organization (IMO) called for clarification and guidelines for shipowners and flag states in cases when ships cannot buy compliant fuel in a port from 1 January 2020.

BIMCO demands 4th IMO GHG Study based on realistic economic growth

BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry. The proposal has been made to the expert workshop preparing for the study, which is meeting in London 12-14 March.

IMO moves closer to standardisation and safer navigation

A sub-committee under the International Maritime Organization (IMO) have forwarded three documents for adoption in June, moving one step closer to the adoption of a standardised system for electronic navigation.

EU-flagged newbuildings to carry IHM

Starting 31 December 2018, EU-flagged newbuildings must carry out an inventory of hazardous materials on board and carry relevant certification.

Shortage of components challenge fire-fighter radio compliance

The deadline for ships to carry two fire-fighter radios on board from 1 July 2018 is proving difficult for shipowners to meet, due to a shortage of components.

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.

Somali Piracy: Indian Ocean High Risk Area revision effective 1 May 2019

The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean have been reduced, with new advice issued to merchant ship operators.

Polish Szczecin is top bulk terminal in new BIMCO report

The best performing port, in BIMCO’s Dry Bulk Terminals Vetting Report 2018, is Szczecin in Poland. The report collected input from 144 ships covering 381 terminals. A total of 97% of the reports were rated as average or better, which gave an average rating of 3.6 (out of five). The result is a marginal better than last year’s results.

China has not yet placed a full ban on open-loop scrubbers

Chinese regulators have updated part of its domestic emission control area (DECA) regulations with effect from 1 January 2019 but has not yet placed a full ban on open-loop scrubbers as reported widely.

China issues new data collection system with immediate effect

China has adopted new regulations concerning the reporting of fuel consumption and energy efficiency with effect from 1 January 2019.

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.

IMDG Code 2018 amendment 39 -18

Amendment 39-18 will be incorporated into the International Maritime Dangerous Goods Code (IMDG), 2018 Edition, and come into force on 1 January 2020.

BIMCO's market analysis team launches new multimedia page

BIMCO’s market analysis team spearheads the launch of a multimedia page on the BIMCO website, where videos and soundbites of the latest market analysis and comments will be available. 

Tanker Shipping: Geopolitics and overall fleet growth are the main drivers

The oil market is notoriously linked to geopolitics. Most recently, the political situation in Venezuela creates turmoil in the region and particularly affects crude oil exports. 

Dry Bulk Shipping: Uncertainty mounts against a backdrop of weaker growth in Chinese imports

Calling a market turnaround to perfection is pure luck. But scouting for pillars that would support a higher level of demand makes sense. First up is the next Brazilian soya bean export season.

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.