The Baltic and International Maritime Council (BIMCO) has granted associate membership to maritime security provider MAST, recognising its commitment to internationally agreed regulatory instruments.

According to the company, the membership follows its recent adoption of the International Code of Conduct Association standards (ICoCA), complying with the fundamental human rights and humanitarian law principles.

BIMCO aims to protect its global membership comprising of ship-owners from more than 120 countries totalling 2,200 by providing quality information and facilitating harmonisation and standardisation of commercial shipping practices and contracts.

MAST CEO Phil Cable said: "MAST’s membership in BIMCO recognises our position as one of the pioneers in the maritime security industry.

"MAST’s membership in BIMCO recognises our position as one of the pioneers in the maritime security industry."

"Having been at the heart of the development of legal and operational standards in the private maritime security sector, MAST shares BIMCO’s dedication to fair business practices and effective regulatory instruments.

"By seizing the advantages of membership, we hope to develop our expertise and standing in the industry even further."

Meanwhile, BIMCO is reportedly set to adopt a new standardised reporting code to reduce irregularities resulting in global statistics for piracy and hijackings, reported Shephard.

BIMCO security manager Philip Tinsley was quoted by the news agency as saying: ‘Once completed we will be asking all piracy reporting centres and ships to utilise the same category system which will simplify all future reports.

"By doing this it is hoped a more accurate picture of piracy events will be captured.

‘It is hoped that the document will be released by the end of 2015, once it has received industry approval.’