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IOPC Funds address risks of uninsured and unsafe ships

02 May 2024

The governing bodies of the International Oil Pollution Compensation (IOPC) Funds met from 29 April to 1 May 2024 in London to consider various ongoing issues relating to the Funds’ work, including compensation and treaty matters. BIMCO has observer status at the Funds which provide compensation for oil pollution damage resulting from oil spills from tankers and therefore play a key role in the international liability and compensation regime for oil pollution damage.

Get the latest update on US regulations affecting your ships!

20 February 2017

BIMCO receives a monthly update from the Chamber of Shipping of America (CSA) advising BIMCO of the latest legislative developments affecting international shipping in the US. BIMCO produces a brief based on CSA’s January update so members can have a quick update. The full CSA report is also provided .

EU tanker import tonne mile demand up 12% as ships avoid Red Sea area

11 April 2024

In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase a further 16% and tonne mile demand to increase 12% despite falling volumes.

Optimism is tangible, although ship yard overcapacity is the looming danger in the horizon

20 November 2011

If you work a little harder every day and do your work a little better and smarter today than yesterday, you will stand a better chance of running a successful shipping business. Those words of wisdom catch the optimism bubbling at the NAVIGATOR 2011 event in Athens, Greece. A business full of hardship in recent years has only drowned a few of the die-hard optimists within the shipping industry.

BIMCO to highlight autonomous ships and 2020 fuel challenges at IMO

30 November 2018

BIMCO and industry partners will contribute to constructive discussions of a number of important topics such as guidelines for autonomous ships and 2020 fuel challenges at the 100th session of the IMO’s Maritime Safety Committee (MSC 100) in London on 3 – 7 December 2018.

Not younger than 18 years, unless…

18 December 2015

International dry bulk shipowners seem only to scrap ships aged 18 years or older. While a couple of Chinese owners have scrapped ships that were even younger than that...