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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.

BIMCO has joined Japan to regulate carbon intensity of existing ships

19 February 2020

Panama, Norway, Greece and other influential actors are co-sponsoring a proposal originally tabled by Japan to curb the carbon intensity of existing ships through use of an Energy Efficiency Existing Ship Index (EEXI), much like the Energy Efficiency Design Index (EEDI) which is mandatory for new ships.

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.