BIMCO elects its first female President

shipping and freight news

The Baltic and White Sea Conference was originally founded in Copenhagen in 1905 and is the world’s largest international global shipping association with more than 2,100 members including shipowners, operators, managers, brokers and agents..

The aim of BIMCO, as it is commonly known today, is to produce flexible commercial agreements and standard maritime contracts with clarity, consistency and certainty.. These include modern contracts tailored to specific trades and activities.. These contracts allow members to manage contractual risk..

BIMCO also works closely with many other influential organisations across the different parts of the maritime industry – from owners to operators, ports to ship builders, brokers to equipment manufacturers, and insurers to classification societies.. Such capability is crucial in developing the right environmental solutions for the shipping industry..

It is run by a board of directors and for the first time in 114 years, the President of BIMCO of the board will be a female – Ms.Şadan Kaptanoğlu..

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Do you support mandatory regulation of ship speeds..??

what is your opinion

As at the time of writing of this article, 244 days is what is left before ships have to comply with #IMO2020 (I actually put up a countdown on my sidebar)..

What IMO2020 is, has been discussed in detail across many articles on this blog, so I won’t repeat in great detail..

An open letter to IMO Member States by NGOs has expressed strong support for the IMO to implement mandatory regulation of global ship speeds differentiated across ship type and size categories..

Industry experts especially in container shipping seem divided on this.. Do you support mandatory regulation of ship speeds..??

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Hapag-Lloyd on track to achieve target of 20% reduction in emissions

shipping and freight news

Hapag-Lloyd has a container capacity of approximately 2.6 million TEUs including one of the largest and most modern fleets of reefer containers operated on the back of 120 liner services worldwide connecting more than 600 ports on all the continents..

Hapag-Lloyd is also one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades..

As per Hapag-Lloyd, their container shipping makes a significant contribution to a well-functioning global trade and as such bears a special responsibility for the environment, its customers and shareholders, and its employees..

In line with this, they have released their current sustainability report, titled “Gathering Pace Together”, which gives an insight into the broad spectrum of Hapag-Lloyd’s sustainability-related activities, which deals with topics such as combating corruption, employee training and data protection..

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South Africa says yes to all types of approved scrubbers

IMO2020 - shipping and freight resource

In 2016, at the 70th session of the Marine Environment Protection Committee (MEPC) meeting in London, the International Maritime Organization (IMO) took a landmark decision setting 1st January 2020 as the implementation date for a significant reduction in the sulphur content of the fuel oil used by ships..

As per this decision, MARPOL Annex VI has been revised, lowering the current global limit for sulphur content of marine fuels from 3.50% to 0.50% as from the 1st of January 2020..

IMO advised several methods through which ships can meet lower sulphur emission standards..

As part of the effective implementation of IMO2020 0.50% Sulphur Cap, South African Maritime and Safety Authority (SAMSA) announced that South Africa has approved the use of all types of approved scrubbers..

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What is IMO 2020 and how you could be affected..

IMO2020 - shipping and freight resource

If you are in the shipping and freight industry you may have heard several whisperings, notices, loose talk, official talk, speeches etc about IMO 2020..

But what is this IMO 2020, who will be impacted and how will it affect your life in the shipping and freight industry..??

This article examines the impact of IMO 2020 on shipping lines and cargo owners, the options available and how this lower sulphur emission standards can be achieved..

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