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More box ship idling seen

02 November 2010

Today's weakness in box shipping might lead to 200 vessels being taken out of service until volumes rise, BIMCO analyst Peter Sand told Fairplay today.

Standard term sheet and new agency agreement top Documentary Committee agenda

24 November 2016

The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopted.

Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022

15 March 2023

Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and tanker ships have a scrubber installed. Despite the slowing rate of installations, the share of ships with a scrubber is set to increase in coming years as 17% of ships in the shipyards’ order books are expected to have a scrubber installed.

A premium of 25% on new-building prices is commercially viable for ECO ships

11 September 2012

We have been heard a lot of debate and speculation regarding the commercial viability and attractiveness of ECO ships and fears of a two tier market reflecting ship energy efficiency. As a natural consequence of the obvious uncertainties and in an effort to address these, BIMCO has undertaken a review, the result of which is outlined below.

First global standard for ship hull cleaning essential for marine ecosystems

26 May 2020

BIMCO, the world’s largest shipping association, has moved a step closer to finishing a global set of guidelines needed to protect the marine environment from invasive species and reduce CO2 emissions. Currently, there is no common global standard for cleaning ships’ hulls to avoid transferring invasive aquatic species, nor for the potentially damaging debris washed off in the process.