BIMCO

IMO holding crucial discussions on decarbonising maritime shipping

London – Vital measures to further reduce greenhouse gas emissions from ships will be discussed by governments this week November 16-20 by the IMO’s Marine Environment Protection Committee amidst calls by the global marine sector to adopt a proposal for an industry-financed US$5 billion research and development programme. The latter would catalyse the transformation of …

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Mixed reaction to IMO green targets

  According to a report from Sam Chambers in the Splash newsletter, shipping has had a mixed reaction to last week’s Intersessional Working Group on Reducing Greenhouse Gas Emissions from Ships at the International Maritime Organization (IMO), which agreed to make an existing target legally binding: to reduce the carbon intensity of shipping by 40% …

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BIMCO introduced Covid-19 crew change clause

Even though travel restrictions are beginning to ease, there are still restrictions in many countries impacting on crew changes. International shipping association BIMCO has therefore produced a special Covid-19 crew change clause for time charter parties designed to give owners the liberty to deviate for crew changes under tightly defined circumstances. It also provides an …

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BIMCO downgrades global container shipping outlook

Copenhagen, Denmark – The Baltic and International Maritime Council (BIMCO) has revised its outlook for container shipping demand in 2020 from low global demand growth to negative demand growth for the full year. According to BIMCO’s revised forecast, container shipping freight rates are now expected to go down to loss-making levels as the coronavirus pandemic …

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