CII

BIMCO Addresses Carbon Challenges With New Charter Party Clauses

  • BIMCO’s documentary experts have begun preparing charter party clauses.
  • BIMCO will also look closely at emission trading schemes currently under discussion and how they be dealt with in charter parties.

BIMCO’s documentary experts have begun preparing charter party clauses to assist owners and charterers comply with complex new carbon regulations due to come into force in 2023, says an article published in BIMCO.

BIMCO’s Study for IMO’s Implications

An impact study by BIMCO and several key...

https://mfame.guru/bimco-addresses-carbon-challenges-with-new-charter-party-clauses/

Navigating Through Myriads Of Shipping Regulations

Among Korean industries, shipping is probably one of the most experienced in navigating environmental regulations, reports Korea JoongAng Daily.

IMO Regulations

As the companies operate on the high seas, they are under the direct influence of global regulations set by the International Maritime Organization (IMO).

A United Nations body responsible for regulating international shipping, the IMO has been tightening emission rules since the early 1990s, when it started targeting various pollutants,...

https://mfame.guru/navigating-through-myriads-of-shipping-regulations/

S&P Global To Conduct Online Shipping Forum

Shipping has faced challenge after challenge in recent history, from IMO2020 regulations, the blockage of the Suez Canal, congestion, constrained supply chains and the impending environmental regulations such as Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII), reports S&P Global.

Challenges of the shipping industry

For the near future can we expect radical change? Will the market continue to be under extreme pressure? How will demand centers influence rates?

But...

https://mfame.guru/sp-global-to-conduct-online-shipping-forum/

IMO Working Group Set ‘Mandatory Measures’ for Decarbonization Goals

  • IMO’s new measures mark a major step forward, building on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.
  • Proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity​.
  • The draft amendments would require the IMO to review the effectiveness of the implementation of the CII and EEXI requirements, by 2026 at the latest, and, if necessary, develop and...

https://mfame.guru/imo-working-group-set-mandatory-measures-for-decarbonization-goals/

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