Friday, June 20, 2025
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Tag: BIMCO

BIMCO develops standard clause addressing USTR uncertainties

BIMCO, the world’s largest shipping association, has initiated the development of a standard industry clause to address contractual uncertainties arising from the United States...

Shipping in 2025: Safer Waters, Riskier World

The global shipping industry faces a striking paradox in recent months: even as it reports record-low vessel losses, it sails through one of the...

Dry bulk ship recycling falls to 17-year low

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analysis Manager, Filipe Gouveia, looks at the recycling of dry bulk ships, which...

BIMCO elects new President

BIMCO, the world’s largest shipping association, has elected Paul Pathy, President & CEO of Canada’s largest dry bulk shipping company, Fednav, as President. Pathy was...

Brazilian grain shipments up 9% as China seeks US alternative

By Filibe Gouveia, Shipping Analysis Manager at BIMCO “Between January and April 2025, Brazilian grain shipments rose 9% y/y, supported by strong Chinese purchasing. As...

BIMCO’s Dry Bulk Market Report: US Tariffs Weaken Demand Outlook

BIMCO anticipates a weakening in the supply-demand balance of the dry bulk market through 2025 and 2026, driven in part by recent changes in...

Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions

“During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13%, while dirty tanker exports fell...

BIMCO updates War Risk Clauses

The Documentary Committee of BIMCO has approved revisions to its War Risk Clauses to reflect changes in the geopolitical challenges facing the shipping industry. The...

Container rates plunge 28%: Worst first quarter in two decades

Average container freight rates for Chinese exports have dropped 28% since the start of the year, posting the worst first quarter development of the...

US Policy Shift Fuel Uncertainty: BIMCO Report and Future Scenarios

Since the start of President Trump's second term, U.S. policies have reshaped geopolitics, trade, and shipping, significantly increasing market uncertainties and impacting future supply...
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Oil slick forming after two-tanker collision in Oman gulf

Greenpeace Middle East and North Africa (MENA) has warned of a potential environmental disaster after two crude oil tankers collided between Iran and the...

Shipsgo at Transport Logistic 2025

Held at Messe München from June 2-5, Transport Logistic 2025 is a global exhibition for logistics and supply chain management, information technologies, and mobility....

MICT becomes first Philippine terminal to deploy fully electric tractors

Manila International Container Terminal (MICT), the flagship facility of International Container Terminal Services, Inc. (ICTSI), introduced two fully electric terminal tractors into its operations,...

Port of Los Angeles completes major wharf restoration project

Port of Los Angeles has wrapped up a US$22.7 million restoration project at Berths 177-182, significantly upgrading its infrastructure along the East Basin Channel...
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