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Latest News

  • 5th BIMCO Report on the IMSBC Code Amendments entering into force - New Table of Characteristics

    BIMCO started reporting from 30 September 2020,  a series of articles, informing members of what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. This is the 5th article in the series. Today, BIMCO reports on a new table of physical properties and hazard classification for cargo entries in the IMSBC Code.

  • BIMCO COVID-19 weekly report

    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 Organisation (IMO), World Health Organisation (WHO) and International Labour Organisation (ILO).

  • The benefit of multiple users

    Signing up more than one staff member to the company account in the Shipping KPI system provides users with access to valuable company performance information. Additionally, activating several user accounts, as opposed to just one or two, greatly lowers the risk of an inactive account if the staff member, or members, using the account, leaves the company.

  • Shipping bodies call on Jeff Bezos to take a stand for stranded seafarers at industry Round Table

    The Round Table of international shipping associations pen open letter to Amazon boss Jeff Bezos.

  • IMO has approved short-term GHG reduction measures

    The 75th session of the Marine Environment Protection Committee (MEPC 75), which took place online from 16 to 20 November 2020, continued the deliberations on reduction of greenhouse gas (GHG) emissions from shipping, but also adopted amendments to MARPOL Annex VI and the International Ballast Water Management Convention (BWM Convention).

  • Maritime Labour Convention 2018 Amendments enter into force next month!

    The 2018 amendments to the Maritime Labour Convention, 2006, as amended ( MLC,2006) will enter into force on 26 December 2020. BIMCO advises on what these amendments are and how shipowners/ managers/ operators can achieve compliance accordingly.

  • BIMCO to open London office

    BIMCO will open its fourth local office, this time in London, at the beginning of 2021. The new office will support the organisation’s regulatory affairs activities with Dr Bev Mackenzie taking up the role of BIMCO’s permanent representative at the International Maritime Organization (IMO) from 1 February, reporting to Deputy Secretary General Lars Robert Pedersen at the head office in Copenhagen.

  • US to impose tough Port State Control measures on Cyber risk management

    United States  requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure cyber risk management is appropriately addressed in their safety management system by the company's first annual verification of the Document of compliance after January 1, 2021. Failure to this requirement may result in detention of ship in US port.

Latest news by topic

BIMCO to open London office

BIMCO will open its fourth local office, this time in London, at the beginning of 2021. The new office will support the organisation’s regulatory affairs activities with Dr Bev Mackenzie taking up the role of BIMCO’s permanent representative at the International Maritime Organization (IMO) from 1 February, reporting to Deputy Secretary General Lars Robert Pedersen at the head office in Copenhagen.

Shipping industry welcomes IMO decision to give further consideration to USD 5 billion fund to accelerate decarbonisation

Copenhagen, Brussels, London and Washington; November 20, 2020 – The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation.   

Shipping industry urges Governments to take forward USD 5 billion proposal to accelerate the decarbonisation of maritime transport

Copenhagen/London/Washington, November 13, 2020 – As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financed, USD 5 billion research and development programme, to catalyse the transformation of the industry from dependence on fossil fuels to operating with zero-carbon energy sources.

Learn more about BIMCO’s new sale and leaseback term sheet

BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.

First ever standard contract for autonomous ship operation underway

BIMCO is adapting the currently used SHIPMAN 2009 agreement for use with autonomous ships, but the lack of actual autonomous ships currently in operation will mean ongoing adjustments as the industry forges ahead with its pioneering projects. Publication of the first version is expected in 2021.

Make sure your contract is genuine with new Authenticity Clause

BIMCO has published a Contract Authenticity Clause to encourage parties issuing contracts based on a BIMCO form to agree to use one obtained from an authorised source such as SmartCon.

BIMCO to open London office

BIMCO will open its fourth local office, this time in London, at the beginning of 2021. The new office will support the organisation’s regulatory affairs activities with Dr Bev Mackenzie taking up the role of BIMCO’s permanent representative at the International Maritime Organization (IMO) from 1 February, reporting to Deputy Secretary General Lars Robert Pedersen at the head office in Copenhagen.

Shipping industry welcomes IMO decision to give further consideration to USD 5 billion fund to accelerate decarbonisation

Copenhagen, Brussels, London and Washington; November 20, 2020 – The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation.   

Testing of Ballast water systems on the agenda as IMO meets

As the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meets for its 75th session on 16 to 20 November, regulations on ballast water testing is expected to be adopted.

US to impose tough Port State Control measures on Cyber risk management

United States  requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure cyber risk management is appropriately addressed in their safety management system by the company's first annual verification of the Document of compliance after January 1, 2021. Failure to this requirement may result in detention of ship in US port.

IMO adopts new requirements focusing on the safety while mooring

The International Maritime Organization (IMO) has  held its latest Maritime Safety Committee (MSC) meeting (MSC102), virtually due to COVID-19 restrictions, during which it adopted a number of mandatory requirements, including one relating to mooring and safety.

IMO makes renewed pledge for seafarers to get key worker status

Border closures and national restrictions following the Covid-19 pandemic have left hundreds of thousands of seafarers trapped on board ships, or unable to join ships. At meetings at the International Maritime Organization (IMO) starting on 16 November, the IMO is once again pledging Governments to designate seafarers as key workers.

US to impose tough Port State Control measures on Cyber risk management

United States  requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure cyber risk management is appropriately addressed in their safety management system by the company's first annual verification of the Document of compliance after January 1, 2021. Failure to this requirement may result in detention of ship in US port.

Increased Security Threats for vessels operating in the Gulf of Guinea

BIMCO, ICS, INTERCARGO, INTERTANKO and OCIMF warns that as the dry season approaches and sea conditions abate, an increase in attacks in the Gulf of Guinea has traditionally been seen, so maritime security risks to vessels operating in the Gulf of Guinea require renewed attention.

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.

Seafarer's employment agreement during COVID-19 - Australia informs on updated port state inspections

The Australia Maritime Safety Authority (AMSA) updates the temporary arrangements during COVID-19 relating to the maximum period of shipboard service allowed for seafarers under the Maritime Labour Convention, 2006 (MLC,2006).

Crew change requirements -Singapore issues revised circular

The Singapore Maritime Port Authority issued revised crew change requirements on 9 November in the form of PMA circular 42. BIMCO gives a short summary of these requirements.

Crew Change - Shanghai issues notice

With the open of 10 Chinese ports to allow for foreign crew change, Shanghai follows up with the issue of notice on its implementation.

BIMCO provides information about dangers associated with the carriage of certain solid bulk cargoes

There are solid bulk cargoes that are commonly transported by bulk carriers and yet many members are not familiar with the dangers that are associated with them. BIMCO provides timely information and advice on cargoes like iron ore fines, bauxite as well as cargoes that are capable of causing oxygen depletion in cargo spaces and adjacent spaces.

4th BIMCO report on the IMSBC Code Amendments - Re-classification of dangerous goods

BIMCO started reporting from 30 September 2020,  a series of articles, informing members of what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. This is the 4th article in the series. Today, BIMCO reports on the re-classification of Group B cargoes in the IMSBC Code.

BIMCO Liquid Cargo Database updated to cover 2021 amendments

BIMCO’s liquid cargo database has been updated to reflect amendments to The International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II Regulations for the Control of Pollution by Noxious Liquid Substances in Bulk.

Container shipping: a surprisingly profitable year during challenging times, but how long can it last?

There is money to be made by both carriers and tonnage providers as volumes defy usual seasonality and remain strong into the fourth quarter of the year. On top of that, low bunker prices –, one of the keys to high profitability this year – look set to stick around.

Dry bulk shipping: China remains the driving factor, but coal policy is disrupting the market

The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-even point, though not high enough to make up for losses made during the first part of the year.

Macroeconomics: as virus cases surge, a slower recovery awaits

Record-breaking GDP drops seen in the second quarter of the year have been replaced by record-breaking growth rates in the third. Despite this, the major economies of the world have still not returned to pre-pandemic levels, except China.

BIMCO encourages users to continue reporting during the pandemic

In May, BIMCO encouraged users of the Shipping-KPI system to continue reporting during the pandemic. This month the message is reiterated.

BIMCO Shipping KPI statement concerning ships’ emission monitoring

The mandatory Energy Efficiency Design Index (EEDI) for new ships and the Ship Energy Efficiency  Management Plan (SEEMP) for all ships are effective regulations for CO2 emissions and provide, in BIMCO’s view, tangible contributions to the global efforts to combat climate change.

New BIMCO Shipping KPI version offers improved benchmarking concept

BIMCO is launching Version 4 of its Shipping KPI system to provide users with improved and more accurate ways of benchmarking their ships and fleets. The new version of the Shipping KPI will feature fundamental changes to the processing of information and include an improved user interface.

Associations call for accelerating digitalisation of maritime trade and logistics

The Covid-19 crisis has painfully demonstrated the heterogeneous landscape that currently exists across ports worldwide. With the world’s attention now focused on exiting from lockdowns and preparing for a ‘new normal’, there is an urgent need to co-operate and accelerate the pace of digitalisation, according to a number of leading maritime associations, including BIMCO.

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.