What happened at MEPC 78?
A new Emission Control Area is being born
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Supply
We have revised our fleet growth forecast to 7.9% in 2023 and 7.8% in 2024. Year-to-date, the total TEU capacity of ships delivered from shipyards reached a record high. Shipowners have, however, continued to order new ships and the order book has remained only marginally smaller than the record 7... Please follow the link to continue reading.
BIMCO publishes EEXI Transition Clause ahead of IMO efficiency regulation
New regulation from the International Maritime Organization (IMO), which will require existing ships to reduce carbon emissions, is due to enter into force in just under one year. As compliance will benefit to a large extent from co-operation between shipowners and charterers, BIMCO has developed a ... Please follow the link to continue reading.
BIMCO heads to IMO’s MEPC 78 - several guidelines up for adoption
BIMCO's expectations for the June 2022 Marine Environment Protection Committee of the IMO
Supply/demand balance
Even though cargo volumes and tonne miles quickly recovered from a seasonal dip early in the year, freight rates have not yet been able to fully match the peaks of the 4th quarter 2022. Earnings, however, remain solid and time charter rates and second-hand ship prices are at their highest levels sin... Please follow the link to continue reading.
Liner supply falls as operators reduce average sailing speed by 4%
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Q&A with Nick Fell, Chairperson of BIMCO’s Documentary Committee
An interview with Nick Fell, chair of BIMCO's Documentary Committee.
Documentary Committee to focus on carbon clauses at February gathering
BIMCO’s approval body for contracts and clauses will meet online on 23 February. The development of a series of carbon clauses is high on the Committee’s agenda. An Emissions Trading System Allowances (ETSA) Clause for time charters is up for adoption and the Committee will also be asked to review a... Please follow the link to continue reading.
September head-haul volumes fall 15.5% y/y as liner landscape faces change
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Helen Barden
Helen is a senior solicitor at NorthStandard. Helen has been with the Club since 2012 working in the FD&D team and is now in External Affairs. Helen has been heavily involved in the NorthStandard’s decarbonisation work, advising Members on the international regulations, such as the EEXI and CII regu... Please follow the link to continue reading.
