BIMCO Search Results

BIMCO publishes suite of LNG Fuel Clauses for Time Charters

An increasing number of ships that use alternative fuels are entering the market in response to the industry’s drive towards reducing CO2 emissions. The most common alternative fuel at present is Liquefied Natural Gas (LNG) which is used in an increasing number of dual-fuelled ships in operation.

Update on work to develop ETS Allowances Clause for SHIPMAN

The subcommittee tasked with the revision of BIMCO’s suite of third party management contracts continues its work to develop a standard Emission Trading Scheme Allowances (ETSA) Clause for use with the popular ship management agreement SHIPMAN.

BIMCO ECSA leadership meeting in Athens

The BIMCO President, Mr Anastasios Papagiannopoulos and ECSA President, Mr Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally and in Europe respectively. “ECSA and BIMCO have supported ea... Please follow the link to continue reading.

BIMCO push for more cross-industry collaboration

BIMCO has joined the Neptune Declaration on Seafarer Well-being and Crew Change, and was encouraged to see the first publication from the Together in Safety initiative. The initiatives signal the need for increased collaboration in the face of great challenges.

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 fuels. In the... Please follow the link to continue reading.