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Monday, April 15, 2024
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Tag: BIMCO

EU tanker import tonne mile demand up 12% as ships avoid Red Sea area

“In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing...

Demand shocks drive ship recycling to lowest level in 20 years

Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. A combination of...

BIMCO analysis: 13% of world seaborne trade under attack from Houthis and Somali pirates

"Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In...

Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace

“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise...

Cargo volumes in Red Sea drop significantly due to vessel attacks

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

Container market grows marginally in 2023 as the fleet swells

In this week’s "Shipping Number of the Week" from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the state of the container market in 2023...

BIMCO: Record deliveries could push container fleet above 30 million TEUs in 2024

"In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEUs, beating the previous record from 2015 when 1.7...

Shipping gears up to meet 5-10% low carbon fuel target, but will fuels be available?

In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, explores the percentage of the fleet currently prepared for...

BIMCO calls for immediate end to attacks on international shipping

BIMCO believes nation states must collaborate to remove the current threat to international shipping and, if necessary, neutralise the threat by military means within...

Container freight rates fall to 2019 levels while costs remain high

Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with...
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NYK pioneers truck-to-ship fuel ammonia bunkering

At the Sea Japan 2024 event, NYK announced its plans to supply fuel ammonia at the end of May to an upcoming NYK-owned ammonia-fueled...

Vitesco Technologies and DHL form strategic partnership

Vitesco Technologies established a strategic partnership with DHL Supply Chain, where DHL serves as the Lead Logistics Partner (LLP). Commencing in March, DHL will centrally...

Gebrüder Weiss establishes central IT and logistics hub near Austria’s freight terminal

Gebrüder Weiss, a globally operating full-service logistics provider, is setting up a central location for IT and logistics near Wolfurt's freight terminal, ensuring the...

Maersk restructures Europe-West Africa service network

Danish ocean carrier Maersk has announced changes in its Europe-West Africa service network, which will take effect from the 17th week of the year. The...