BIMCO Search Results

China imposes increased use of oil boom

Taking a step up multiple ladders concerning both logistic efficiency and environmental protection, the Chinese Maritime Safety Administration has issued a list of cargoes that prospectively will require deployment of oil boom when the ship is engaged in loading, unloading or transferring listed car... Please follow the link to continue reading.

Macro environment

The International Monetary Fund (IMF) forecasts the global economy to grow by 3.2% in 2025 and by 3.3% in 2026. The IMF reports a weaker outlook for China, Latin America and the European Union. Inflation has continued to abate since our last update and advanced economies have started easing interes... Please follow the link to continue reading.

China cuts age of import ships further to reduce emissions

The Chinese Ministry of Transport has announced new regulations requiring all ships imported for domestic use, and Chinese flagged ships for international use, to be compliant with IMO Tier II emissions standards from 1 September 2018, in a bid to cut NOx emissions from diesel engines.