BIMCO

Take part in the Offshore, Project, and Heavylift Masterclass, an in-person training in Hamburg designed to simplify the complexities of moving oversized cargoes. Led by industry experts, this hands-on training will help you understand contracts, manage risks, and handle real-world challenges. Through practical casework and discussions, you’ll gain the confidence and skills to excel in offshore, project, and heavylift operations. Topics that will be covered: Overview of the most commonly used contracts in the offshore and heavy lift sector Principles of English contract law and their relevance to the contracts Dealing with disputes Knock-for-knock and general issues of insurance. 19-20 February, Hamburg, Germany View the full programme & register here: https://lnkd.in/dXDbKPib #BIMCO #Training #Offshore

What does the recent eBL survey really tell us about progress on adoption? Hear from FIT Alliance members as they provide their insight into the survey. #eBL #GlobalTrade #FITAlliance

Seeking clarity on the complexities of the new US Executive Order and sanctions, including price cap enforcement?   Join us for a special 15+15 webinar this Wednesday with Alexander Brandt, partner at Reed Smith LLP's Transportation Industry Group, who will give a 15-minute presentation followed by a live Q&A session.   The 10 January 2025 designations mark one of the most profound steps yet, in the US’ attempts to force adherence to Price Cap and tighten the noose on sanctions busting activities.   Read more and sign up: https://lnkd.in/d8khDtSd #BIMCO #GlobalTrade

Crude oil tanker newbuild deliveries drop 74% to 36-year low In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight tonnes (DWT), joined the fleet. Compared to 2023, the capacity delivered dropped by 74%. BIMCO members can read the full report: https://lnkd.in/d42gQmjm #BIMCO #MarketReport #Newbuilds

"Today, 25 seafarers held hostage on board the Galaxy Leader have been released. For the first time since November 2023, they can look forward to reuniting with their families and loved ones. Their freedom should never have been taken in the first place. Seafarers should never have to face the threat of being attacked, taken hostage or being shot at when they go to work," said David Loosley, BIMCO's Secretary General & CEO.

Use LEIs to streamline “know your customer (KYC)” due diligence ✅ Adopting Legal Entity Identifiers and Verifiable Legal Entity Identifiers could benefit businesses working in international shipping, helping to streamline KYC processes, prevent fraud, and enhance transparency in global transactions.   Whether it's for KYC checks, supply chain optimisation, risk management, or improved business identification, Legal Entity Identifiers could provide a simple, standardised and cost-effective solution to these challenges.   We are in an era of increasing digital transactions and global business relationships, KYC processes have become critical for all businesses involved in international trade. But how can you easily verify the identity and authenticity of business entities in other countries?   BIMCO’s Chief Digital Officer, Grant Hunter, spoke to Nuria Vegas of the Global Legal Entity Identifier Foundation (GLEIF) - Watch their discussion: https://lnkd.in/dNen9n_w #BIMCO #GlobalTrade #LEI #KYC #GLEIF

Is “Geopolitics” just a buzzword?   How do companies actually manage geopolitical risk? Can big geopolitical issues, such as conflict in the South China Sea or aggression in the Baltic actually be dealt with in day-to-day business practice the same way we treat traditional safety or security risks?    Tune in on Wednesday, 22 January, at 12:00 UTC when the new season of 15+15 webinars kicks off with Control Risks’ Director for Global Risk Analysis and Maritime Security, Cormac Mc Garry, who will give a briefing and answer your questions.   It is free for everyone to attend. Read more and sign up: https://lnkd.in/dDYfY52s #BIMCO #Geopolitics #SafetyAndSecurity

Product tanker deliveries seen jumping 256% to 16-year high According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a 16-year high and the second highest on record. BIMCO members can read the full report: https://lnkd.in/dWU6cZBZ #BIMCO #MarketReport #ShipsAndShipping

Are you a port agent with outstanding disbursements account balances owed to you? Did the owners or the time charter operator of the vessel cover the disbursement account of the port call in the way you, as port agent, expected, or did something fall between the cracks? Every year, BIMCO helps members to collect millions of dollars owed to them. Learn more about the typical pitfalls and how we can help you: https://lnkd.in/dEFWyQ5z #BIMCO #InterventionService #ShipsAndShipping

Take part in the Offshore, Project, and Heavylift Masterclass, an in person training in Hamburg designed to simplify the complexities of moving oversized cargoes. Led by industry experts, Tony Concagh and Alex Hookway, this hands-on training will help you understand contracts, manage risks, and handle real-world challenges. Through practical casework and discussions, you’ll gain the confidence and skills to excel in offshore, project, and heavylift operations. Register for this masterclass here https://lnkd.in/dDhr9FMw #Masterclass #MaritimeLaw #Offshore #Oil