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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.
Whilst the meeting was dominated by discussions on the revised strategy on GHG emissions the 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80) also managed to address several other matters related to the protection of the marine environment – including progress on ballast water management, designation of a PSSA in the NW Mediterranean, and guidelines on life cycle GHG intensity of marine fuels.
The Chairpersons of the Round Table of international shipping associations (RT) met in Rome in February to exchange their members’ experiences with the implementation of IMO’s 2020 global sulphur regulations.
In 2021 BIMCO initiated a project to develop a suite of LNG fuel clauses for time charter parties. The number of LNG fuelled ships in operation is growing steadily and the suite reflects the need to have bespoke clauses in time charters for these ships. The LNG clauses cover matters related to the LNG quality, delivery/redelivery, gas-freeing and cooling down and an operational clause. For dual-fuel ships the clauses are intended to be used together with the existing BIMCO bunker clauses for conventional fuel oils. The current suite of LNG fuel clauses for use in time charter parties also consists of: LNG Fuel Delivery Clause LNG Fuel Gas freeing and Cool down Clause LNG Fuel Quality Clause
IBIA - The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonisation efforts.
BIMCO has today voiced serious concerns about some of the conclusions of the official study that will inform the decision of the MEPC over the implementation date of the 0.5% global sulphur cap.
