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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...

Chinese coal imports expected to fall 15% to three-year low: BIMCO

During the first two months of 2025, thermal coal demand weakened due to a 6% y/y decrease in electricity generation from coal. Total electricity generation...

BIMCO: US port fees to hurt US trade more than curb China’s dominance

Charging fees on China-linked vessels calling at US ports will significantly increase the cost of seaborne transport to and from the United States –...
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Hiab to invest over US$20 million in expanding and modernising Raisio Multilift facility

Hiab is committing €19 million (US$21.3 million) to expand and modernise its Multilift demountables production site in Raisio, Finland. The investment aims to upgrade both...

Iran’s shipping industry poised for revival as nuclear deal talks resurface

The potential revival of a nuclear agreement between Iran and the United States is raising hopes for a long-awaited resurgence in Iran’s shipping industry. ...

Deals with DP World and CMA CGM mark Syria’s return to global trade map

The Syrian government has entered into a landmark US$800 million memorandum of understanding with Dubai-based port operator DP World to transform the Port of...

Shippers wary of market manipulation via capacity management

A flood of new tonnage in the early part of this year suggests container rates will inevitably head into decline, but a series of...
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