Climate Change Glossary
BIMCO has compiled a glossary of climate change terms based on the best scientific consensus
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BIMCO Search Results
Industry publishes updated advice for Southern Red Sea and Gulf of Aden
Revised interim transit guidance for Southern Red Sea and Gulf of Aden
BIMCO restructures committees to balance safety and environment
BIMCO’s committee structure will change to reflect the increased importance of the environment while maintaining a thorough debate on safety. The BIMCO Board of Directors agreed to the change at a meeting in December.
Contracting of product tankers jumps 337% in the first half of 2023
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BIMCO says caution needed on “cold ironing”
BIMCO welcomes the development of IMO guidelines on safe operation of on-shore power supply service in port (cold ironing), but believes caution must be taken when considering cold ironing to be a sustainable technical solution.
Background
Background Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system. Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fue... Please follow the link to continue reading.
Supply
We have revised our fleet growth forecast to 7.9% in 2023 and 7.8% in 2024. Year-to-date, the total TEU capacity of ships delivered from shipyards reached a record high. Shipowners have, however, continued to order new ships and the order book has remained only marginally smaller than the record 7... Please follow the link to continue reading.
BIMCO launches industry film calling for safe ship recycling
BIMCO has launched its fourth industry film, calling for the urgent adoption of the Hong Kong International Convention for the safe and Environmentally Sound Recycling of Ships, and for ship owners to only choose yards that live up to the convention.
Record high ship deliveries boost container fleet capacity by 4.3%
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Supply/demand balance
Even though cargo volumes and tonne miles quickly recovered from a seasonal dip early in the year, freight rates have not yet been able to fully match the peaks of the 4th quarter 2022. Earnings, however, remain solid and time charter rates and second-hand ship prices are at their highest levels sin... Please follow the link to continue reading.
