Marine and Shipbuilding Monthly Journal
Seoul Ra-11997(ISSN: 2005-3061)



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    The Institute of Chartered Shipbrokers and BIMCO start new initiative to give shipping professionals greater access to quality education [Mar 2017] The Institute of Chartered Shipbrokers (the Institute) and BIMCO are pleased to announce the start of a new venture combining BIMCO’s state of the art eLearning courses and the Institute’s global engagement with students.
    FONASBA and BIMCO launch new Agency Appointment Agreement [Jan 2017] FONASBA and BIMCO are pleased to announce the launch of a new Agency Appointment Agreement document. This new form, which is based on BIMCO’s tried and tested box layout, provides a simple, clear and effective means of confirming the details of an agency agreement for an individual or short series of port calls.
    BIMCO launches first report on global dry bulk terminal performance [Jan 2017] BIMCO is seeking to drive the improvement of standards for ships at dry bulk terminals across the world and has today launched its first report on terminal performance. Since 2015 BIMCO has been collecting feedback on the performance of port terminals in order to be able to report the results to members and, ultimately,
    ......................................................................................................[Previous press releases 2016]
    Leading experts at BIMCO seminar say maritime crime increasing [Dec 2016] Industry security experts have concluded that maritime crime will not be stopped any time soon - and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen yesterday.
    EU Council extends Operation ATALANTA for the repression of piracy off the Somali coast [Dec 2016] BIMCO is pleased to confirm the decision taken by the EU Council to formally extend the mandate of the EUNAVFOR Operation ‘ATALANTA’ to deter, disrupt and repress acts of piracy off the coast of Somalia until 31 December 2018 (Council Decision (CFSP) 2016/2082 of
    BIMCO adopts ship financing term sheet [Nov 2016] In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016. BIMCO President Philippe Louis-Dreyfus said: I am particularly pleased to see BIMCO taking this important step. BIMCO is the world leader
    DLeadership, innovation and pioneering business strategy recognised at the BIMCO Awards 2016 in Shanghai [Nov 2016] BIMCO today presented three awards to recognise and celebrate excellence in the global shipping industry among both companies and individuals in the industry - following BIMCO’s conference in Shanghai. This year the importance of leadership,
    BIMCO updates GUARDCON guidance notes to reinforce importance of validating firearms end user certificates [Nov 2016] BIMCO, the world’s largest international shipping association, has today voiced serious concerns about the apparently sizeable number of private maritime security firms (PMSCs) that are operating on ships without legitimate permits and licences to transport and carry weapons.
    Shipping industry united in seeking further progress on CO2 at critical IMO meeting [Oct 2016] In advance of next week’s critical meeting of the Marine Environment Protection Committee (MEPC 70) at the International Maritime Organization (IMO) in London, the global shipping industry has called on IMO Member States to give serious consideration to a joint industry submission regarding the need
    BIMCO raises serious concern over data on available fuel ahead of MEPC decision on global sulphur cap implementation date' [Oct 2016] BIMCO, the world’s largest international shipping association, has today voiced serious concerns about some of the official data that will inform the decision of the MEPC over the implementation date of the 0.5% global sulphur cap.
    Consolidation, greater focus on risk management and higher finance costs: BIMCO’s new analysis on the wider impact of the dry bulk crisis [Oct 2016] BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation for the new report follows the conclusion of BIMCO’s previous analysis - that due to the severity of
    BIMCO supports shipowners with concise, practical ballast water management guidance [Sep 2016] In response to the recent ratification of the International Convention for the Control and Management of Ships' Ballast Water and Sediments (Ballast Water Management Convention), BIMCO and Fathom Maritime Intelligence have published an updated 2016 edition of their practical,
    IMO Ballast Water Convention entering into force in September 2017 [Sep 2016] BIMCO is “deeply concerned” that the IMO Ballast Water Convention will enter into force leaving shipowners without treatment systems approved for global use. Lars Robert Pederson, Deputy Secretary General at BIMCO said today: “The shipping industry need no longer speculate on a possible future date for the IMO Ballast Water Convention.
    Standard Bunker Contract under spotlight as industry experts begin review [Jul 2016] Three of the world’s largest bunker suppliers, including World Fuel Supplies and Dan Bunkering, have joined a team of industry experts to review BIMCO’s standard bunker contract - BIMCO Terms 2015. Shipowners will be represented by Denmark-based J Lauritzen and Norden. Legal and P&I input comes from Clyde & Co and the North
    New start for BIMCO office in Singapor [Jun 2016] From today, BIMCO has opened a new office in the heart of Singapore in order to increase services to its members in the South East Asia region and boost collaborations with regional maritime associations. BIMCO’s new Singapore contact will be General Manager, Maite Bolivar Klarup, who brings 16 years of commercial maritime experience to the role.
    BIMCO market analysis: The dry bulk market will become profitable in 2019, if … [May 2016] 2016 has to be the turning point in addressing the fundamental imbalance of the dry bulk market. We cannot expect any positive surprises from the slow-growing demand side. The enormous overcapacity of ships must be addressed starting now and continuing over at least the next three years.
    “Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market” [May 2016] BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market analysis - The dry bulk market could become profitable again in 2019 - but only if a series of extremely tough and sustained measures are taken by shipowners, year on year. This is the message from BIMCO President,
    BIMCO President Philippe Louis-Dreyfus OBE receives Seatrade Lifetime Achievement Award [May 2016] BIMCO’s President, Philippe Louis-Dreyfus OBE, Chairman of Louis Dreyfus Armateurs, received the Seatrade Lifetime Achievement Award at its annual ceremony in London on 6 May. The award was presented to Mr Louis-Dreyfus on behalf of the Seatrade Awards judging panel,
    BIMCO, Six new VLCCs marks the start of a busy delivery year [Feb 2016] 2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe. The six new VLCCs were delivered in a strong winter market. Having reduced slightly, since the turn of the year, VLCC average earnings currently sit at USD 50,000 per day, in early February.
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