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BIMCO suggests sulphur implementation plan for ships

03 July 2018

It is a daunting task so prepare a fleet of ships for the sulphur regulations. Therefore, BIMCO has, together with the partners behind a new IMO-proposal, made a draft for an implementation plan for achieving compliance with the 0.5% global sulphur cap. The plan has the additional purpose of showing the good faith of the ship operator during inspections.

Ship financing just got less complicated

02 May 2018

BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.

COP26 Managing Ships' Biofouling

18 October 2021

Biofouling is the accumulation of aquatic plants and animal organisms on surfaces and structures immersed in or exposed to the aquatic environment. Biofouling growth on ships’ hulls means an increase in drag (resistance of the ship through the water) leading to more fuel consumption, and more greenhouse gases (GHG) emitted. State-of-the-art management of biofouling will result in significant fuel efficiency gains, in addition to minimizing the transfer of invasive aquatic species to local marine environments.

BIMCO helps pave the way for automated ship reporting

08 June 2018

As the shipping sector strives for efficiency, BIMCO has provided input at the International Maritime Organisation (IMO) in a bid to facilitate the harmonisation of data ahead of the April 2019 deadline when new mandatory requirements come into force for automated ship reporting.