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Decoupling of world trade and emissions is a reality for shipping

30 October 2020

At the launch of the Fourth International Maritime Organization’s Greenhouse Gas Study, eyes rested primarily on the fact that CO2 emissions from the shipping industry rose between 2012 and 2018. The focus on this six-year period diverted attention from what should not have been missed – the year 2009.

Who is responsible for accounting and reporting a ship’s emissions?

09 February 2022

It can be difficult to determine if shipowners or charterers are responsible for accounting and reporting the GHGs emitted by a ship. This article helps determine where the responsibility for accounting and reporting of GHG emissions from ships lies under different types of charter parties.

BIMCO Shipping KPI statement concerning ships’ emission monitoring

05 October 2020

The mandatory Energy Efficiency Design Index (EEDI) for new ships and the Ship Energy Efficiency Management Plan (SEEMP) for all ships are effective regulations for CO2 emissions and provide, in BIMCO’s view, tangible contributions to the global efforts to combat climate change.

Shipping sector proposes USD 5 billion R&D board to cut emissions

18 December 2019

The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year period.

BIMCO adopts portfolio of four ETS clauses

08 December 2023

BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties.