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Ships are advised to take extra precaution when anchoring in Malaysian waters

03 May 2021

During a 10-day operation called “Jangkar Haram”, Malaysia clamped down on illegal anchoring in its waters. The ships involved have either been warned and ordered to leave or detained and fined. BIMCO recommends Masters to take extra precaution and obtain prior permission from relevant authorities before anchoring.

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.

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.

Boost in orders for ships below 8,000 TEU drives order book to 17.3% of fleet

23 June 2022

In October 2020, the order book for new container ships bottomed out at 8.4% of the combined trading fleet. For ships smaller than 8,000 TEU, the order book bottomed out one month later at 3.7% of the trading fleet, and only accounted for 18.2% of the total container order book. Interest in the smaller segments, however, is bouncing back after months of hibernation.

Underwater radiated noise from ships - IMO guidelines revised

02 February 2023

Focus on underwater radiated noise from shipping has grown significantly over the past few years. Consequently, the International Maritime Organization (IMO) has decided to raise awareness of the subject by issuing updated non-mandatory guidelines with the aim of monitoring the impact and thus ascertaining the efficacy of various mitigation solutions.