World shipping faces looming officer shortage
A new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping (ICS) warns that, by 2026, an additional 89,510 officers will be needed to operate the world merchant fleet. The
BIMCO
Nigeria launches long awaited antipiracy initiative
As part of a stepping up of actions to address the ongoing piracy issue in the Gulf of Guinea, Nigeria, has today announced a significant investment in military and law enforcement infrastructure
New IMO regs will pose “a raft of contractual challenges”
New measures likely to be adopted at the next meeting of IMO’s Marine Environmental Protection Committee (MEPC) will need to be addressed by shipowners’ legal teams as well as their technical departments.
Sabrina Chao elected president of BIMCO
At its online general meeting today, BIMCO, the world’s largest shipping association, elected Sabrina Chao of Hong Kong headquartered Wah Kwong Maritime Transport Holdings Limited as its president. Chao takes over as
IMO moves on container losses at sea
Just under a year ago, the problems caused by containers falling into the sea were in the headlines when the Australian Maritime Safety Authority reported that an APL containership had lost 40
Biden climate summit: Shipping seeks support for carbon pricing
Ahead of the Leaders’ Summit on Climate convened by President Biden, shipping bodies are pushing to make mandatory market-based measures (MBMs) part of the solution to shipping decarbonization. In a joint submission
A Q&A with International Salvage Union President Richard Janssen
Though spectacular salvage and wreck removal projects continue to hit the headlines, the ocean salvage industry continues to face pressures that has seen some major players leave the market in recent years.
$5 billion “moon shot” proposal for shipping decarbonization
Governments controlling a major share of the world merchant fleet yesterday submitted a “moon shot” proposal to to the United Nations International Maritime Organization (IMO), calling for the establishment of a $5
BIMCO: China opens up 10 ports for foreign crew changes
BIMCO says that, according to its Shanghai office, seven Chinese governmental bodies, including the Ministry of Transportation (MOT), last week released a notice last week announced that 10 Chinese ports will resume
BIMCO: World order book at its lowest in 17 years
The world shipbuilding order book for dry bulk, container and tanker ships has reached its lowest point in 17 years. BIMCO says that COVID-19 has massively slowed contracting (down 50%), though deliveries