Showing 1 - 10 of 72
After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments.
BIMCO Shipping KPI opens a new chapter with the implementation of reporting on cost categories. BIMCO has no access nor interest in these data on the user level. We encourage users to apply information for the years 2018, 2019 and 2020 and submit valuable feedback to the BIMCO Shipping KPI team
Get the latest insight and interviews in the December edition of BIMCO’s Bulletin magazine.
Copenhagen, Brussels, London and Washington; November 20, 2020 – The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation.
BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.
Copenhagen/London/Washington, November 13, 2020 – As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financed, USD 5 billion research and development programme, to catalyse the transformation of the industry from dependence on fossil fuels to operating with zero-carbon energy sources.
BIMCO has enhanced its ship finance term sheet suite by introducing SHIPLEASE, an industry first standard for ship sale and leaseback. SHIPLEASE is an indicative term sheet for use in both operating and finance leases. It has been developed mainly for second-hand ships but can be adapted to fit newbuildings.
Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.
Over a series of meetings, the drafting committee developing the new BIMCO term sheet for ship sale and leaseback transactions has considered input received from industry experts. The term sheet is now ready to be presented to the Documentary Committee for adoption.
