Tag: BIMCO

2019 kicked off with the data collection on fuel oil consumption, alternative mechanisms to comply with the 2020 Sulphur cap, the EU Ship Recycling Regulation, the IMSBC Code 2017 amendment as well as amendments designating North Sea and Baltic Sea as ECAs. With many more regulations and developments still yet to come, nations from all across the globe, ship operators and crew are going through a key period because of ten major issues that will have significant impact over the next ten years in the shipping industry.

The result of the ongoing trade talks between China and the US, seems doubtful that the levels of frontloading seen at the end of 2018 will continue into 2019, according to BIMCO. Were the negotiations to fail, it would increase the possibility of tariffs to be increased in March, affecting the container shipping industry.

There have been flare-ups in the maritime cyber security era over the last two years, when major cyber incidents begun striking industry’s operations. Theft of credentials is said to have increased significantly, with phishing and malware being the most popular cyber threats.

A week after the abduction of six crew members from the container ship MSC Mandy off Benin, BIMCO stressed that piracy in the Gulf of Guinea is an unacceptable burden to seafarers and shipping companies and asked, on behalf of its members, that maritime powers increase their presence to curb piracy. 

BIMCO shares its thoughts on key issues and trends that are likely to affect the container ports and terminals sector during 2019. Namely, BIMCO touches upon demand, capacity, ships, IT, supply chain and profit, to see what this year might bring. It also says that despite all these challenges, the global container terminal industry will remain a very solid, profitable business.

During this week there were reports that China has banned open-loop scrubbers from the country’s emission control areas. Commenting on this development, BIMCO said that, according to sources, the banned areas for discharging wastewater from scrubbers remain within inland ECAs, port waters under coastal DECA and the Bohai Bay waters only.

Once again this year’s agenda was full with meetings, agreements and important announcements for the maritime community. In this photo recap we have picked key moments that captivated industry’s interest in 2018.

Often charter parties allocate risks in a way that creates a conflict between economic and environmental efficiency. To address this issue, STM and BIMCO were working to encourage the exchange of information under the STM concept while also permitting parties to agree on a contractual arrangement.

BIMCO released some of its reflections regarding the growth of global shipping, highlighting that developing countries will play a key role in the next five years, something that will affect shipping as well. Namely, the dry bulk demand is supported, while container shipping will experience more pressure.

BIMCO announced it has published two sulphur content related bunker clauses in a bid to ease the industry's compliance with the upcoming IMO's 2020 sulphur cap regulation.