Shipping companies criticize CII operations clause

Heavyweight shipowners and charterers, including Mediterranean Shipping Company (MSC), A.P. Moller – Maersk, Oldendorff Carriers, Trafigura and Vitol, have strongly criticised BIMCO’s Carbon Intensity Indicator (CII) operations clause, which makes charterers contractually responsible for the CII performance of their hired ships. New regulations on the carbon intensity of international shipping will come into force on

Time charterers put on pressure with BIMCO’s new CII clause

International shipping organisation BIMCO has released its keenly awaited Carbon Intensity Indicator (CII) operations clause, with charterers expected to take responsibility of a ship’s emissions. The CII, due to come into effect on January 1, is one of the International Maritime Organization’s most significant pieces of green legislation for years. How it plays out on

R&D for green fuel fund gets new thrust from maritime groups

Maritime groups hope progress to establish a research and development (R&D) fund meant to find the green fuel of the future can accelerate now that they have addressed concerns about the fund raised by some nations. The organizations — including the International Chamber of Shipping (ICS), BIMCO, Intertanko, and the World Shipping Council (WSC) —