World News
BIMCO Develops New EEXI Transition Clause Covering Energy Efficiency
Shipping industry body BIMCO has developed a new clause covering the IMO's new Energy Efficiency Existing Ships Index (EEXI) that comes into effect from 2023.
The regulation will require existing ships to raise their energy efficiency from the start of 2023 to roughly the level currently required for new ships today. BIMCO's new clause addresses the relationship between charterers and shipowners in regards to compliance with the new regulation, the organisation said in a statement on its website this week.
"he upcoming regulatory changes will impact the way ships can be operated in the future and require a new approach to the contractual relationship between owners and charterers," Peter Eckhardt, head of the drafting team for the new clause, said in the statement.
BIMCO is also developing clauses for emissions trading systems and the carbon intensity indicator regulations.
Full details of the new EEXI clause can be seen here.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 22Glander International Bunkering discusses how shipping companies can manage their responsibilities under the IMO's CII regulation.