News and trends

Latest News

  • Slew of new contracts and clauses top BIMCO committee’s upcoming meeting

    Projects for standard contracts and clauses covering almost every sector of the shipping industry will be reviewed by BIMCO’s Documentary Committee (DC) when it meets on 21 and 22 September. The gathering of over 70 documentary experts from around the world will take place online for the first time and two new contracts and two clauses are set to be approved for publication.

  • BIMCO introduces new PIs and KPIs to help improve performance

    With the release of BIMCO’s Shipping KPI version 4, expected to be released by end September, new Performance Indicators (PIs) and Key Performance Indicators (KPIs) will be introduced with the aim to facilitate better benchmarking of operational maintenance and first aid cases.

  • BIMCO to publish standard refund guarantee to eliminate legal uncertainty

    BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms. The current issue is that English law and jurisprudence on guarantees is contradictory, complex and often very difficult to understand from a commercial perspective, and as a result small changes made by negotiators can have wide reaching commercial consequences.

  • BIMCO updates information on seafarers' Mental Health

    BIMCO provides updated information to assist seafarers to cope with the continuous challenges of COVID-19.

  • Simplifying environmental reporting

    BIMCO Shipping KPI version 4 is expected to be released by end September. Considering the development in the shipping sector, several Performance Indicators and Key Performance Indexes will be updated.

  • The September issue of the Bulletin magazine is out

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

  • New benchmarking concept will dominate Shipping KPI

    Since the BIMCO Shipping KPI system was launched in 2011, the system has been based on a rating concept. With the release of BIMCO Shipping KPI version 4 at the end of September, the rating concept will be replaced by a ranking concept as dominant benchmarking concept.

  • Brown Marmorated Stink Bug - September season starts with 2020-21 measures in place

    For the new season beginning September 2020, New Zealand and Australia have introduced the measures to combat increasing spread of  Brown Marmorated Stink Bug (BMST) coming from targeted "BMST" countries which have now risen to 37 countries with the inclusion of Kazakhstan, Moldova, Portugal and Ukraine.

Latest news by topic

BIMCO launches member survey

Today (1 September), BIMCO is launching its third member survey, asking members about their perception of BIMCO. The survey will be sent to all the member contacts BIMCO has on file and is conducted by an external vendor via BIMCO’s email system.

BIMCO and ICS prepare for new Seafarer Workforce Report

With the future of crewing high on the agenda, BIMCO and ICS are preparing for the launch of the latest Seafarer Workforce Report (previously known as the Manpower Report), the industry standard resource for ship operators, agencies and governments seeking the market intelligence they need to develop crewing and training strategies fit for the future. 

Industry survey shows switch to low-sulphur fuel has not been without problems

The maritime industry’s transition to the sulphur regulation from the International Maritime Organization (IMO) which came into force on 1 January 2020 has not been without problems. Since fuel oil properties are fluctuating, it is expected that quality and safety problems will continue to be a challenge for the global shipping industry.

BIMCO to publish standard refund guarantee to eliminate legal uncertainty

BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms. The current issue is that English law and jurisprudence on guarantees is contradictory, complex and often very difficult to understand from a commercial perspective, and as a result small changes made by negotiators can have wide reaching commercial consequences.

BIMCO force majeure clause under way

With an increasing focus on force majeure due to the COVID-19 outbreak, BIMCO has gathered a drafting team to develop a free-standing force majeure clause for use in a variety of contracts.

SHIPLEASE term sheet ready for adoption process after expert feedback

Over a series of meetings, the drafting committee developing the new BIMCO term sheet for ship sale and leaseback transactions has considered input received from industry experts. The term sheet is now ready to be presented to the Documentary Committee for adoption.

Just-In-Time Arrival Guide issued to support more efficient shipping

A new guide developed by the Global Industry Alliance (GIA) to support low carbon shipping has been launched with the aim to provide both port and shipping sectors with practical guidance on how to facilitate Just-In-Time Arrivals (JIT).

New IMO greenhouse gas study is an important tool for policy decisions

The International Maritime Organization (IMO) has published its 4th Greenhouse Gas (GHG) study, and BIMCO finds the results very encouraging, as data confirms the industry can reach the 50% lower IMO emissions target in 2050.

Shipowners encouraged to take part in ship generated waste survey

The EU is carrying out an online survey which is relevant to all shipowners irrespective if they operate ships on EU-flag or not. The outcome of the survey will be used to establish criteria for determining that a ship produces reduced quantities of waste and manages its waste in a sustainable and environmentally sound manner. The outcome could result in  reduced fees for delivering waste to a port reception facility, and BIMCO encourages all shipowners to take part in the survey.

BIMCO shares information on OCIMF’s new temporary remote inspection regime

The Oil Companies International Marine Forum (OCIMF) has announced a temporary measure - a remote inspection regime - as an additional tool within its Ship Inspection Report (SIRE) programme.  This temporary measure has been developed to prevent the spread of COVID-19 between an inspector and ships’ crew.

BIMCO, Safety at sea webinar: Fortifying defences to meet IMO 2021 deadline

BIMCO and  Safety at Sea will be hosting an engaging and informative webinar on 11 August that will include the results of their Maritime Cyber Security survey to inform briefings and discussions among maritime experts.

Closed borders, closed minds

The global summit hosted by the UK Government on 9 July 2020 on the impact of COVID-19 on crew changes was attended by just fifteen countries. Thirteen pledged to take action to help cut through bureaucratic red tape preventing crew changes, which is a step in the right direction.

Ships increasingly risk legal actions in Malacca and Singapore region

The waters in and around the Straits of Malacca and Singapore can pose various risks to ships, one of which is conducting activities outside designated areas, if the ship is not simply transiting continuously and expeditiously.

United States - CTPAT Sea Carrier Security Profile guidance

United States Customs & Border Protection has informed that the Customs Trade Partnerships Against Terrorism (CTPAT) Portal’s new security profile for Sea Carries which came on line June 1, 2020, does not fully reflect the associated minimum security criteria (MSC).

The Guidelines on Cyber Security Onboard Ships up for review

16 months after publishing the 3rd version of The Guidelines on Cyber Security Onboard Ships, the guidelines are again up for review.

Singapore revises crew change requirements and establishes a Crew Facilitation Centre

To facilitate crew changes in a safe manner and against COVID-19 risks, Singapore revises crew change requirements and sets up Crew Facilitation centre  from 1st September 2020.

Nigeria Impact Survey

The Maritime Anti-Corruption Network (MACN) has launched an anonymous Impact Survey to better understand the evolving situation relating to the operating environment in Nigerian ports and terminals and assess the impact of MACN’s efforts in Nigeria. 

Changes to crew change requirements in the major hubspots

Providing the latest requirements affecting the major crew change hubspots.

BIMCO IMSBC Code webinar highlighting shipowners' difficulties with transport of solid bulk cargoes

View the latest IMSBC Code webinar presenting the general difficulties on shipment of solid bulk cargoes, together with some BIMCO recommendations to improve the situation. 

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.

Dry bulk shipping: China's demand keeping the dry bulk market going

An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world.

Container shipping: capacity management key to carriers’ profitability as volumes falter

Despite lower demand because of the pandemic, carriers have achieved high freight rates and profitability in the first half of the year through large-scale capacity reductions and low bunker prices.

Tanker shipping: freight rates back at loss-making levels after 12 very profitable months

A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe.

Simplifying environmental reporting

BIMCO Shipping KPI version 4 is expected to be released by end September. Considering the development in the shipping sector, several Performance Indicators and Key Performance Indexes will be updated.

New benchmarking concept will dominate Shipping KPI

Since the BIMCO Shipping KPI system was launched in 2011, the system has been based on a rating concept. With the release of BIMCO Shipping KPI version 4 at the end of September, the rating concept will be replaced by a ranking concept as dominant benchmarking concept.

BIMCO encourages uniform ship-port data exchange in IMO submission

BIMCO, flag administrations and port associations have submitted a proposal to the IMO Facilitation Committee to develop IMO guidelines that provide global industry standards for data and data sharing, with the aim to enhance communication and thereby efficiency during port calls.

What is BIMCO thinking about 2020?

Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by. We put all the thoughts in a magazine. This year is no different, and a range of BIMCO people have written their opinions on what the new year will bring.

BIMCO’s call for harmonized data supported at IMO

BIMCO’s continued call for the establishment of a harmonized data model to facilitate exchange of electronic data between ship and shore last week took a big step forward, as the initiative was met with support during an expert meeting at the International Maritime Organization (IMO).