The Documentary Committee of BIMCO has adopted a Methanol Annex to its Bunker Terms 2018. The annex is the latest addition to the BIMCO portfolio of contracts and clauses that support the maritime industry’s transition towards alternative fuels and decarbonization.The annex introduces new definitions to reflect ongoing developments in the bunkering landscape.
The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports.A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the start of June
The Documentary Committee of BIMCO has adopted a FuelEU Maritime Clause and an ETS Clause for incorporation into Memoranda of Agreements (MoAs) for the sale and purchase of ships.The FuelEU Maritime Regulation and the EU Emissions Trading System (EU ETS) impact the sale and purchase of ships, and the clauses have been developed to help provide certainty for both parties during the process.
ESAB announced the 12 recipients of the 2025 $5,000 scholarships, awarded through a collaboration with the American Welding Society (AWS) Foundation. The scholarships, made possible by ESAB’s Future Fabricators program, support students across North America pursuing welding certifications and degrees.ESAB developed its Future Fabricators Program to support aspiring welders and fabricators.