News and trends

Latest News

  • Shipping industry needs to talk market-based measures

    BIMCO would like to encourage states and the industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create a level playing field for the industry.

  • IMO publishes guidelines to port State control for on board fuel oil sampling

    The 75th session of International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 75) has in November 2020 adopted amendments to MARPOL Annex VI, introducing a method for fuel oil sampling from ships' fuel oil tanks to verify the sulphur content. The new amendments will enter into force on 1 April 2022.

  • The March issue of the Bulletin magazine is out

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

  • 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 Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 26 February 2021

  • Preparing your account to KPI cost categories

    A core benefit of the BIMCO Shipping-KPI system is the option to compare expense and performance at ship level. Presently, the system only allows for internal benchmarking but once a critical mass has been reached, the Shipping-KPI will facilitate external expense benchmarking

  • IMO and WISTA seek input to women in maritime survey

    The International Maritime Organization (IMO) and Women's International Shipping & Trading Association (WISTA) are asking companies to help them obtain baseline data on the number of women in maritime and oceans fields and the positions they occupy.

  • 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 Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 19 February 2021

  • BIMCO adds new ice region reports and provides winter navigation advice

    This year, BIMCO has expanded its ice reporting to cover the Northern Chinese, Japanese and Greenland sea areas, and can advise on contractual issues related to ice clauses.

Latest news by topic

The March issue of the Bulletin magazine is out

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

IMO and WISTA seek input to women in maritime survey

The International Maritime Organization (IMO) and Women's International Shipping & Trading Association (WISTA) are asking companies to help them obtain baseline data on the number of women in maritime and oceans fields and the positions they occupy.

Shipping industry takes new step to protect marine environments

Cleaning a ship’s submerged parts from barnacles and other growths, while the ship is in the water, can transfer invasive species to local marine environments unless it is properly cleaned and the debris is captured. To combat this problem, and to provide clarity and quality assurance to shipowners, ports and government authorities, BIMCO and the International Chamber of Shipping (ICS) have published the first industry standard on in-water cleaning of ships.

BIMCO adds new ice region reports and provides winter navigation advice

This year, BIMCO has expanded its ice reporting to cover the Northern Chinese, Japanese and Greenland sea areas, and can advise on contractual issues related to ice clauses.

Who is responsible for the cargo when force majeure is declared?

The development of a new BIMCO Force Majeure Clause is progressing and continued last week as the subcommittee met to draft a bolt-on provision relating to situations when cargo has been loaded onto the ship and a party declares force majeure.

New BIMCO clause encourages bulk sector to embrace just in time arrival concept

In a bid to encourage wider adoption of just in time (JIT) arrival principles in the bulk sector, BIMCO has published a new clause for voyage charter parties to promote more efficient shipping procedures and as a result, help reduce CO2 emissions.

How port State control will sample fuel oil going forward

Amendments to MARPOL Annex VI have been adopted, introducing procedures facilitating port State control’s (PSC) sampling from fuel oil tanks to verify the sulphur content. The amendments will enter into force on 1 April 2022.

IMO publishes guidelines to port State control for on board fuel oil sampling

The 75th session of International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 75) has in November 2020 adopted amendments to MARPOL Annex VI, introducing a method for fuel oil sampling from ships' fuel oil tanks to verify the sulphur content. The new amendments will enter into force on 1 April 2022.

BIMCO Bulletin

The digital quarterly magazine containing all the best comment, analysis and information digests from BIMCO.

RightShip and INTERCARGO announce important new quality standard for dry bulk sector to be governed by new NGO

RightShip and INTERCARGO have today announced the launch of an important new quality standard for the dry bulk sector, DryBMS. The standard will be governed by a new NGO to be established later this year and will support the improvement of safety in the dry bulk segment.

IMO dedicates Human Rights’ Day to seafarers

In recognition of the extraordinary effort performed by seafarers during 2020, IMO is dedicating Human Rights’ Day 10 December to the distressed seafarers that keep the world’s trade afloat.

Crew changes and abandonment top busy IMO Legal Committee agenda

The Legal Committee of the International Maritime Organization (IMO) has agreed on a new item for its future work programme relating to fair treatment of seafarers detained on suspicion of committing maritime crimes. At the Committee’s meeting on 27 November and 1-2 December, it also agreed on the development of guidelines for flag and port state authorities regarding how to deal with seafarer abandonment cases.

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 to develop standard contract for Security Escort Vessel employment

Building on the success of its widely used GUARDCON contract for the employment of security guards on ships, BIMCO is to develop a new standard contract for hiring the services of security escort vessels (SEV).

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 Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 19 February 2021

BIMCO adds new ice region reports and provides winter navigation advice

This year, BIMCO has expanded its ice reporting to cover the Northern Chinese, Japanese and Greenland sea areas, and can advise on contractual issues related to ice clauses.

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 Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). BIMCO provides the following update for this week ending Friday, 12 February 2021

Tanker shipping: a tough year ahead as virus mutations and slow vaccine rollout hampers recovery

After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments.

Container shipping: continued disruption will ensure carrier profitability well into 2021

After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve, allowing carriers to profit from high freight rates, and tonnage providers to enjoy lofty charter rates.

Dry bulk shipping: strong start to year ends as slow recovery awaits

After an unusually strong start to the year, seasonality has caught up with the dry bulk market. Coupled with a slow recovery in global economic activity, it looks set to be another challenging year.

Demolition report dated 26 January 2021

As the decline in steel plate prices levels out for the time being, all of the sub-continent markets are in a far healthier position today than they were only a few weeks back The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Tanker market report 26 February 2021

Despite recent cold weather in Texas disrupting oil and gas production, a comeback in US shale may already be on the horizon given the increasingly bullish fundamentals of the global oil market. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

China’s flight recovery in U-turn with 7,667 daily flights in mid-February

The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.

Generation of operational benchmarking reports available in Q2

The mechanism supporting the generation of reports has changed since version 4. The development team is currently making the necessary adjustments so full reports are once again available. This is expected in the second quarter of 2021.

New Cost Category group added

BIMCO Shipping KPI opens a new chapter with the implementation of reporting on cost categories. BIMCO has no access nor interest in these data on the user level. We encourage users to apply information for the years 2018, 2019 and 2020 and submit valuable feedback to the BIMCO Shipping KPI team

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.

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.