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The guidelines are based on shared best practices put together by the Vehicle Carrier Safety Forum (VCSF), a consortium of ship operators, insurers and industry experts, whose role is to promote safety on ships that carry vehicles.
Despite increased demolition of Capesize ships, the size of the fleet is set to grow substantially.
In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.
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.
This handbook aims to provide substantive public health guidance when there is an outbreak of disease.
BIMCO is revising its popular suite of ship management and related third-party management agreements to reflect current practices in the market. First in line is SHIPMAN 2009, BIMCO’s standard form ship management agreement that may include crew, technical and commercial management as well as insurance arrangements in respect of a ship.
A report commissioned by BIMCO shows that while the EU list of approved ship recycling facilities continues to grow, new additions have not added significant capacity to meet the demands of the global shipping industry. Therefore, BIMCO believes focus must shift towards adding facilities outside of the EU. The report also shows that the EU audit system works as intended for non-EU recycling facilities.
The California State Lands Commission (CSLC) approved regulations that increased the fee paid by vessels with a qualifying voyage arrival at a California port. The fee was increased from $850 to $1,000. The Board of Equalization will begin collecting the increased fee on or after 1st April 2017. The Marine Invasive Species Act requires ships over 300 GRT and carrying or capable of carrying ballast water that arrive at a California port to submit a US Coast Guard Ballast Water Management Report to the CSLC.
In October, an Asian-based subcommittee involving major players within the ship owning and ship leasing communities will begin work to develop a term sheet for sale and leaseback transactions to meet a rise in demand and to complete the suite of three term sheets available for financiers, shipowners and their advisors.
IMO decides that by 2040, the world fleet must have reduced its total GHG emissions by more than 70% compared to 2008.
