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Tuesday, January 14, 2025
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Tag: BIMCO

Container ship orderbook hits new record high

“At the end of 2024, the container ship orderbook was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in...

Fleet Growth and Market Shifts in Global Shipping

The container shipping market is currently navigating through a period of surplus capacity, particularly in the larger vessel segments. The BIMCO 2023 report highlights that...

Dry bulk contracting falls 70% below average amid low rates

Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024. However, in recent months, weaker Chinese...

Baltic Dry Index still down 10% despite recovery in capesize demand

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the November recovery of the Baltic Dry Index...

BIMCO unveils Ship Recycling Alliance

BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of vessels. The alliance is expected to help facilitate the...

Container ship deliveries hit new record of 2.5 million TEUs

"Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity...

BIMCO approves management agreement for autonomous vessels

BIMCO’s Documentary Committee has recently approved the AUTOSHIPMAN agreement to support the increasing number of remotely controlled vessels. The AUTOSHIPMAN deal establishes a standardized contractual...

BIMCO, ICS publish guide to help maritime industry reduce underwater noise

BIMCO and the International Chamber of Shipping (ICS) have developed a guide aiming to help the shipping industry understand and reduce underwater radiated noise...

Container spot rates experience steepest decline in non-Covid year

"The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the...

Condition of Ukrainian Ports 30 Months After the Russian Invasion

Ukraine’s maritime trade has been profoundly affected by the Russian invasion, transitioning from a competitive regional player to one facing near-total disruption of its...
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Port NOLA confirms US$1 million grant for Louisiana box terminal project

The Port of New Orleans (Port NOLA) was awarded US$1 million from the Environmental Protection Agency (EPA) for its Louisiana International Terminal (LIT) Sustainability...

Assessing Impact of COSCO’s Potential Expulsion from Piraeus Port

Following the United States blacklisting of Chinese shipping giant COSCO, the owner and operator of the port of Piraeus, the operations at the major...

Rapid rate declines expected in February

Vespucci Maritime CEO Lars Jensen said in a Baltic Exchange report that the alliance reshuffling is expected to result in short-term overcapacity in February. This...

NYK establishes ship management firm for offshore wind power projects

In December, NYK jointly established Japan Offshore Support (JOS) together with Akita Eisen KK to provide ship maintenance and management services for offshore wind...