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On 24 November 2022, the China Maritime Safety Administration (MSA) of the Ministry of Transportation issued a new regulation on Energy Consumption Data and Carbon Intensity of Ships (MHF [2022] No. 164), which applies to both Chinese flagged ships and foreign ships of 400 gross tonnage and above for inbound/outbound Chinese ports,
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.
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 January report is also provided.
The BIMCO roundtable on safe and environmentally sound ship recycling held during London International Shipping Week highlighted the need for debunking myths around the Hong Kong Convention (HKC) and urged all stakeholders to work together to realise the convention’s potential.
Good practice guide for shipping companies and manning agents for the humanitarian. Support of Seafarers and their families in cases of armed robbery and piracy attack.
BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.
United States requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure cyber risk management is appropriately addressed in their safety management system by the company's first annual verification of the Document of compliance after January 1, 2021. Failure to this requirement may result in detention of ship in US port.
Providing essential information on icebreakers assistance for ships entering or transiting the Northern Sea Route.
