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7 July – Ship in Mariupol seized by Russian-backed separatists

06 July 2022

Having been stuck in the port of Mariupol since the beginning of the Russian invasion, on 30 June 2022 the Liberian flagged 15,800 DWT bulk carrier MV Smarta was forcibly appropriated and converted into state property by the Russian-backed separatist “Donetsk People's Republic”, without compensation to the owners.

IMO’s safety committee approves measures to improve safety on board ships

21 May 2021

The Maritime Safety Committee 103 meeting (MSC 103) of the International Maritime Organization (IMO) was held 5 to 14 May 2021. Several important decisions were made that will affect shipowners directly. These include upcoming changes to fire safety systems on board to help prevent fires, as well as changes to the search and rescue manuals on board ships.

IMO’s safety committee approves measures to improve safety on board ships

21 May 2021

The Maritime Safety Committee 103 meeting (MSC 103) of the International Maritime Organization (IMO) was held 5 to 14 May 2021. Several important decisions were made that will affect shipowners directly. These include upcoming changes to fire safety systems on board to help prevent fires, as well as changes to the search and rescue manuals on board ships.

Mexico alert – smuggling of illegal narcotics – risk of ship detention and crew arrest

12 May 2020

The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the “international industry organisations”) draw Members’ attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continuing detention in custody of the ship’s Master without any formal charges against him, following the discovery of illegal narcotics on board.

US regulations affecting your ships - get the September update!

10 October 2017

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 September report is also provided.

BIMCO adopts the industry’s first ship sale and leaseback standard

21 September 2020

Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.