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The Chinese ban on coal imports from Australia has shaken up coal trades in the east.
Knowing the depth and shape of the seafloor (bathymetry) is fundamental for our understanding of ocean circulation, tides, sediment transport and environmental change. Currently, and despite many years of effort, less than 20 per cent of the ocean seafloor has been mapped. Therefore, BIMCO supports the Seabed 2030 initiative and encourages the industry to contribute with input into the project via an online survey.
The International Maritime Organization’s (IMO) latest resolution offers a much-needed path to help prepare for cyber attacks, which are seen as increasingly likely in this digital age. Since January, shipowners and operators have been obliged to assess and prepare for cyber threats to comply with the new resolution.
The International Maritime Organization (IMO) recently approved regulatory changes that will require ships to improve their CO2 emissions per transport work annually. In the best-case scenario, the new amendments may not be damaging to the industry’s efforts to reduce its carbon footprint. In the worst-case scenario, the ships’ CO2 emissions will rise, as more ships will be needed to obtain the required improvements.
Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples. The bunker samples are analysed by VPS whenever a short-term quality issue is identified in a specific port or region.
In some ways, EU carbon prices could be viewed as a barometer of mounting environmental pressure not just within Europe but on a global scale. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Transportation of highly toxic chemicals in the Yangtze River Basin is prohibited effective 1st March 2021 as per Yangtze River Protection Law.
BIMCO and the Royal Institution of Naval Architects (RINA) have identified a need for – and therefore proposed - an alternative method to determine an accurate reference speed in connection with a carbon reduction framework currently under development by the International Maritime Organization (IMO). The aim is to secure that older ships also can obtain a reliable energy efficient design index (for existing ships), even if the original sea trial data from when the ship was delivered, is lost.
Responding to the UN Secretary-General’s call for “urgency and ambition” on climate change, the entire global shipping industry is giving “full and unequivocal” backing to a moon-shot proposal submitted by governments, to catalyse the complete decarbonisation of maritime transport by deployment at scale of zero-carbon ships within a decade.
Leaders of the Round Table of International Shipping Associations - BIMCO, INTERCARGO, International Chamber of Shipping and INTERTANKO - met virtually last week to debate key issues facing the maritime industry today. At the meeting, the associations affirmed the industry’s commitment to universal recognition for seafarers, the decarbonisation of shipping and addressing the threat to shipping from piracy in the Gulf of Guinea.
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