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place in the recent period. In addition, in order to remain competitive and avoid being sidelined by rivals, Japan%u2019s shipbuilding industry is seeking to focus on the quality of newbuildings rather than quantity. Through a strong emphasis on high-quality design, maximum energy efficiency, automation, and reduced carbon emissions, Japanese shipyards aim to maintain their leadership in specialised market segments, where quality carries greater value than price.NYK Group welcomes its first female LNG carrier captainA Taiwan-based NYK Group ship-management company, NiMiC Ship Management Co., Ltd. (NiMiC), has appointed Louise Lin (Lin Yi-chun) as captain of the %u201cTaitar No.4%u201d, a NiMiC-managed LNG carrier, with Lin having already assumed her duties. This milestone marks the first time a woman has been named captain of an LNG carrier within the NYK Group.Lin began her maritime career at NiMiC as a deck cadet in 2011, and advanced to full-time service as a third officer on an LNG carrier managed by NiMiC in 2015. Since then, she has continually honed her expertise and excelled in various roles, encompassing safe navigation and cargo operations, and management.Looking ahead, the NYK Group will continue to engage in crew development across various regions. By establishing and expanding training programmes, the Group aims to advance the development of local shipping industries and foster environments where diverse talents can thrive.%u201cAttaining the rank of captain has long been an aspiration of mine, and now it has become a reality. This achievement is not something I accomplished alone; I am deeply grateful for the unwavering support and encouragement I have received from my family, the company, and seafarers I have sailed with throughout this challenging journey. This moment represents an important milestone for local LNG seafarers and marks encouraging progress for women in the maritime industry. It%u2019s a promising beginning, and I am fully dedicated to continuing the effort to achieve a safer, more supportive, and truly inclusive working environment for everyone who works at sea or works for the sea%u201d, commented Lin. BIMCO publishes time charter party targeting the emerging CO2 tradeBIMCO%u2019s Documentary Committee has adopted a new time charter party, which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO2). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilisation and storage (CCUS) projects, and the need for a standardised contractual framework for maritime transport.CO2TIME 2026 is the first time a charter party has been designed specifically for the carriage of liquefied CO2. While firmly focused on the emerging CO2trade, the form has been drafted with sufficient flexibility to allow its use for other liquefied gases too, such as LPG.%u201cCO2 transport is a developing trade with a unique risk profile, but at the same time, it is closely connected to already established gas shipping practices. CO2TIME 2026 has been designed to bridge this gap by providing a familiar time charter structure while addressing the specific technical, operational, and regulatory challenges associated with CO2 carriage%u201d, says Deputy Secretary General & Director of Contractual Affairs at BIMCO, Stinne Taiger Iv%u00f8.A key objective of the drafting committee was to build on familiar concepts from the gas tanker sector.%u201cBy retaining well-established time charter principles and adapting them to the specific characteristics of CO2transport, CO2TIME 2026 aims to reduce contractual uncertainty and support owners, charterers, financiers and project developers entering this market%u201d, says Nicholas Fell, Chair of BIMCO%u2019s Documentary Committee.The charter party includes a range of provisions reflecting the operational realities of CO2 transport. Liabilities and costs are also allocated by reference to the party controlling the relevant operational decision, providing a practical framework for day-to-day operations.On the seafrontCO2TIME 2026 is the first time charter party designed specifically for thecarriage of liquefied CO2. While firmly focused on the emerging CO2 trade, theform has been drafted with sufficient flexibility to allow its use for other liquefied gases,such as LPG.112 NX