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Trade & Logistics

9 October 2026

BIMCO moves to break ship retrofit cost deadlock

Downunder Voices Newsroom

Source reporting: Splash247

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BIMCO moves to break ship retrofit cost deadlock

Shipping association BIMCO has adopted a new contractual framework designed to settle one of the industry’s longstanding commercial disputes: who pays for energy-saving upgrades when the charterer receives much of the financial benefit. The Copenhagen-based organisation announced that its Documentary Committee had approved the Energy Saving Device Retrofit Addendum 2026, giving shipowners and charterers a …

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