IBIA and BIMCO to jointly address fuel and maritime challenges

The International Bunker Industry Association (IBIA), the voice of the global bunker industry, and BIMCO, the world’s largest international shipping association, have signed a memorandum of understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonization efforts.

As informed, the parties have agreed to leverage their respective 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 organizations;
• 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.

“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,” Alexander Prokopakis, Executive Director of IBIA, stated.

“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,” David Loosley, BIMCO Secretary General & CEO said.

IBIA and BIMCO said they are committed to driving progress towards a more sustainable and environmentally responsible future for the global shipping industry.