Landmark IMO Strategy on GHG reductions from ships adopted
07 July 2023IMO decides that by 2040, the world fleet must have reduced its total GHG emissions by more than 70% compared to 2008.
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IMO decides that by 2040, the world fleet must have reduced its total GHG emissions by more than 70% compared to 2008.
In October, an Asian-based subcommittee involving major players within the ship owning and ship leasing communities will begin work to develop a term sheet for sale and leaseback transactions to meet a rise in demand and to complete the suite of three term sheets available for financiers, shipowners and their advisors.
A report commissioned by BIMCO shows that while the EU list of approved ship recycling facilities continues to grow, new additions have not added significant capacity to meet the demands of the global shipping industry. Therefore, BIMCO believes focus must shift towards adding facilities outside of the EU. The report also shows that the EU audit system works as intended for non-EU recycling facilities.
BIMCO has published a charter party clause promoting the use of the IMO’s data model framework. The publication is an extension of BIMCO’s strategic objective to encourage greater efficiency and harmonisation in the ship-shore interface.
BIMCO, flag administrations and port associations have submitted a proposal to the IMO Facilitation Committee to develop IMO guidelines that provide global industry standards for data and data sharing, with the aim to enhance communication and thereby efficiency during port calls.
Millions of dollars are invested into the research and trials of systems needed to expand autonomous shipping. The question is: will it pay off?
Enclosed space incidents have been a major cause of fatalities on board ships. While we are aware of the risks involved in enclosed space to a large extent, there are still some aspects that need our better understanding.
During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis.
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA November report is also provided.
The IMO’s Maritime Safety Committee (M S C) decided at its meeting 20-29 April 2022 to commence work on the development of a new goal-based instrument regulating the operation of maritime autonomous surface ships (MASS). BIMCO reports from the meeting.