04 September 2018
Technical, regulatory and financial aspects of the 2020 global fuel sulphur cap regime understandably loom large in people’s minds. But the importance of the contractual dimension should not be overlooked. BIMCO is forging ahead with an all-encompassing 2020 Clause for charter parties, which should be published in November.
30 August 2018
The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October.
11 July 2018
One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020. In particular, a lot of discussions have been focused on scrubbers.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
28 June 2018
In response to the global sulphur limit of no more than 0.50% that will come into force on 1 January 2020, BIMCO has established a subcommittee for the development of a charter party clause that will address the issues related to the new regulations.
02 February 2018
The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR 5) will meet next week.
01 June 2021
BIMCO's position on "control of fuel oil quality and derived pollution" has been approved by the BIMCO Board of Directors.
07 July 2017
MEPC 71 progressed in ensuring smoother implementation of the ballast water convention. One of the achievements was reaffirming the agreement regarding the provisions for non-penalisation of early movers that have installed ballast water management systems according to G8 guidelines.
30 June 2017
BIMCO contributes actively in the development of IMO's strategy to limit the average global temperature rise below 2°C.
13 January 2017
The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR 4) will meet next week.
24 April 2013
Shipowners are faced with a number of important decisions in terms of investment and trading if they want to do business within the future sulphur limits of Emission Control Areas (ECAs). The deciding factors influencing the investment decision for installation of a scrubber are the fuel cost spread and the time spent in an ECA. In this article, BIMCO has tried to abridge the issue to facilitate decision making.