12 December 2014
On Tuesday 16 December 2014 at 1100 GMT, BIMCO members with access to Thomson Reuters will be able to take part in an exchange of views about the crude oil and oil products shipping industry.
10 April 2014
Global oil demand is seasonal, with Q1 being the weakest season – again, leaving only upside for the remainder of the year.
15 October 2014
The world seems to be awash with oil these days, to an extent that no geo-political tensions in the oil-rich producing nations can make us “scared enough” to hike oil prices. We seem to have become accustomed to a world where such tension is the norm. This is very good news for the world economy, as it brings down the cost of energy – despite a number of ongoing major conflicts and the challenges related to Ebola in West Africa.
02 May 2017
A call for the consistent application of the Civil Liability Convention (CLC) and Fund Conventions was made when the governing bodies of the International Oil Pollution Compensation (IOPC) Funds met in London on 24 and 25 April. BIMCO was represented as an observer delegation.
24 April 2020
The IMO 2020 global sulphur regulation for marine fuel oil has now been in force for over three months. BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.
06 April 2018
The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC 72) will meet next week, where a prohibition on the carriage of non-compliant fuel oil with a sulphur content exceeding 0.50% is on the agenda.
20 April 2020
Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per day (m/bpd) to reduce the massive production overhang and set a price floor to limit the fall in oil prices.
02 April 2020
Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared.
25 February 2020
The IMO 2020 global sulphur limit for marine fuel oil has now been in force for over one month. BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.
23 December 2019
As 1 January 2020 approaches and the sulphur regulation from the International Maritime Organization (IMO) comes into force, BIMCO is experiencing an increase in questions related to the discord between the verification produces for statutory fuel oil samples and commercial fuel oil samples.