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BIMCO suggests sulphur implementation plan for ships

03 July 2018

It is a daunting task so prepare a fleet of ships for the sulphur regulations. Therefore, BIMCO has, together with the partners behind a new IMO-proposal, made a draft for an implementation plan for achieving compliance with the 0.5% global sulphur cap. The plan has the additional purpose of showing the good faith of the ship operator during inspections.

Shore leave and access to ships in US ports

07 June 2013

In cases where ships encounter extraordinary difficulties due to overly tight security measures, ships are encouraged to address the perceived problem to the local US Coast guard captain of the port, and keep their company informed. The BIMCO Security Department also appreciates being kept informed of such problems.

EU ship recycling rules look like protectionism

08 April 2019

Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows.

BIMCO calls on IMO to solve legal inconsistencies in ship recycling conventions

15 February 2024

BIMCO, together with Bangladesh, India, Norway, Pakistan and the ICS, has submitted a paper ahead of the 81st Marine Environment Protection Committee (MEPC) meeting on 18-22 March 2024. The paper highlights the need to solve possible conflicting requirements of the Hong Kong Convention and the Basel Convention which could have severe consequences for shipowners, ship recycling facilities and ships if unresolved.

Responsible Ship Recycling Forum

18 April 2023

Gudrun Janssens, Manager Intergovernmental Engagement and Permanent Representative to the European Union is a guest speaker.

Ship financing just got less complicated

02 May 2018

BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.

Record high ship deliveries boost container fleet capacity by 4.3%

10 August 2023

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January.