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BIMCO has produced its own ship sale and purchase agreement - SHIPSALE 22 – with the aim of making the authoring, negotiation and execution process faster and simpler, and to provide the market with a modern and comprehensive alternative to existing sale and purchase forms.
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.
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.
Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January.
Gudrun Janssens, Manager Intergovernmental Engagement and Permanent Representative to the European Union is a guest speaker.
Total orders of dry bulk, tanker and container ships in the first five months of the year have jumped 119.7% compared with the same period in 2020, primarily driven by record high container ship contracting, as investors in this segment find themselves flush with cash.
To protect crew against exposure to dangerous substances used in fire-fighting systems, as well as to minimise the impact on the environment, the IMO’s Sub-Committee on Ship Systems and Equipment ( SSE) has finalised prohibition of perfluoro-octane sulfonic acid ( PFOS) from fire-fighting systems on board ships
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.
Revised emergency response procedures for ships carrying dangerous goods was one of the many items discussed at IMO’s Maritime Safety Committee (MSC 99). Autonomous ships, security and adoption of amendments to mandatory instruments were also on the agenda.