IBIA, BIMCO ink strategic maritime partnership

IBIA, BIMCO collaborate on combating maritime challenges

The International Bunker Industry Association (IBIA) and the Baltic and International Maritime Council (BIMCO) have signed a Memorandum of Understanding (MoU) to collaborate on pressing issues and opportunities in the bunker, marine energy, and maritime sectors.

The parties have pledged to use their unique expertise and resources to create new solutions and activities to help the transition to cleaner fuels and more efficient and sustainable shipping operations.

The collaboration MoU aims to address important areas such as:

  • Research and Development: Work together on research initiatives, studies, and projects related to the bunker/marine energy business and maritime sector.

  • Information Sharing: Share pertinent information, publications, and statistics that may be useful to members of both organisations.

  • Training and Education: Look into the potential for cooperative training programmes, seminars, and educational initiatives to help maritime and bunker/marine energy experts improve their knowledge and abilities.

  • Influence: Work together on efforts to address common issues and challenges faced by the industry. 

READ: BIMCO urges IMO to resolve legal inconsistencies in ship recycling

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.” 

READ: BIMCO releases ship financing forms

David Loosley, BIMCO Secretary General and CEO, said:  “As we work towards the checkpoints and targets of the updated GHG strategy of the International Maritime Organization (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.”  

In March, BIMCO market report unveiled the extent of disruption that the recent unrest in the Red Sea compounded with a rise in piracy off the coast of Somalia has brought upon world trade.

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