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Tow wires on board tugs are expensive. If they break during an ocean towage operation, who should be responsible for repairing or replacing them? These and other issues were discussed in the latest meeting of the revision of BIMCO’s towage agreements TOWCON and TOWHIRE 2008.
BIMCO has joined with a number of industry bodies and the International Whaling Commission (IWC) and the International Fund for Animal Welfare (IFAW) to submit a paper to the upcoming meeting of the IMO’s Marine Environmental Protection Committee (MEPC 80). The paper calls for the establishment of a new traffic separation scheme (TSS) south of Sri Lanka to protect marine species including the endangered Blue Whale.
On 4 March 2023, 190 countries approved a landmark agreement to protect areas of the ocean beyond national jurisdiction- the agreement confirms the importance of the role of the IMO in regulating international shipping.