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Tags Baltic and International Maritime Council (BIMCO)

Tag: Baltic and International Maritime Council (BIMCO)

Global iron ore shipments drop amid supply disruptions

Global iron ore shipments have declined by 7% year-on-year during the first seven weeks of 2025, driven by supply disruptions and reduced Chinese import...

BIMCO introduces FuelEU Maritime Clause to support decarbonization compliance

Starting 1 January 2025, the FuelEU Maritime Regulation will take effect, prompting stakeholders in the shipping industry to begin preparations immediately. To assist with this...

India now depends on Russia for 40% of its crude oil imports

During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of...

Panama Canal restrictions drive 31% increase in dry bulk sailing distances

In this week's “Shipping Number of the Week” from BIMCO, Shipping Analyst Filipe Gouveia examines the substantial impact of limited daily transits in the...

IBIA and BIMCO launch decarbonization cooperation

International Bunker Industry Association (IBIA) and Baltic and International Maritime Council (BIMCO) have entered into a Memorandum of Understanding (MoU) to jointly tackle challenges...

Major shipping associations express concern about Houthi rebels’ first fatal vessel attack

Several associations of the shipping industry published a joint statement to express their deep concern over the tragic loss of life and injuries suffered...

BIMCO publishes ship financing forms for uninterrupted use of vessels

BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can...

BIMCO urges IMO to address contradictions in ship recycling conventions

BIMCO, one of the world's largest international shipping associations, in collaboration with Bangladesh, India, Norway, Pakistan, and the International Chamber of Shipping (ICS), has...

BIMCO appoints new deputy secretary general

Stinne Taiger Ivø, who currently serves as BIMCO’s director of Contracts and Support, is set to assume the role of deputy secretary general at...

BIMCO calls on vessel owners as Bangladesh and Liberia ratify HK Convention

The International Maritime Organization (IMO), Bangladesh, and Liberia have announced the ratification of the Hong Kong Convention by both nations. BIMCO believes the ratification marks...
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Hapag-Llloyd applies higher rates between Far East and Europe

German ocean carrier Hapag-Lloyd has announced updated tariff rates for Freight of All Kinds (FAK) between the Far East and Europe. The increased prices will...

Suez Canal Offers Incentives Amid Fears of Houthi Regrouping and Regional Instability

The Suez Canal transit fee discount reflects Egypt’s desperation to revive the canal's traffic amid fears that Houthi militants are preparing a new wave...

Vietnam and Thailand race to capture China+1 shipping gains

As the geopolitical rift between China and the United States deepens, the global manufacturing and shipping landscape is undergoing a historic shift. At the center...

Port of Cromarty Firth awards US$2M pre-construction contract for major offshore wind expansion

The Port of Cromarty Firth has awarded a GB£1.5 million (US$2 million) pre-construction contract to leading Scottish civil engineering firm RJ McLeod, marking a...
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