COVID-19 caused drop of 24.6M TEU in container market growth, BIMCO says
NewsThe global container market grew by 1.5% to 173.5 million TEU in 2023, but without COVID-19, it would have reached 198.1 million TEU.
IBIA and BIMCO partner to address bunkering challenges, foster clean energy solutions, and advance sustainable shipping practices.
The International Bunker Industry Association (IBIA) and Baltic and International Maritime Council (BIMCO) have signed an MoU to collaborate on challenges and opportunities within the areas of bunkering, marine energy and maritime sectors, and help facilitate shipping’s decarbonisation efforts.
The parties have agreed to leverage their expertise and resources to develop innovative solutions and initiatives to facilitate the transition towards cleaner fuels and efficient and sustainable shipping practices.
The partnership MOU will focus on addressing the following key areas:
Research and Development: Collaborate on research initiatives, studies, and projects relevant to the bunker/marine energy industry and maritime sector.
Information Sharing: Share relevant information, publications, and data that may be beneficial to the members of both organisations.
Training and Education: Explore opportunities for joint training programs, seminars, and educational initiatives to enhance the knowledge and skills of professionals in the maritime and bunker/marine energy industry.
Influence: Work together on efforts to address common issues and challenges faced by the industry.
Commenting on the MoU, Alexander Prokopakis, Executive Director of IBIA, stated: “This partnership between IBIA and BIMCO marks an important step towards addressing the pressing challenge of decarbonisation in the shipping industry. The collaboration underscores the industry’s collective commitment to navigating towards a greener future for maritime operations.”
David Loosley, BIMCO Secretary General & CEO said: “As we work towards the checkpoints and targets of the updated GHG strategy of the IMO, working across all sectors that influence and support decarbonisation of shipping will be key. Our ships will be relying on many different fuel solutions in the process and working toward the safety and availability of those is crucial.”
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