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BIMCO: Dry bulk newbuild contracting fell, despite strong market

“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase...

Peak in China’s coal demand in sight as renewables jump 12%

Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. "While steam...

Container ship deliveries hit new record of 1 million TEUs

“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set...

Covid pandemic wiped 24.6 million TEUs off container market growth

"Due to the Covid-19 pandemic, the global container market grew only 1.5% from 171 million TEU in 2019 to 173.5 million TEU in 2023. Without...

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...
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NYK buys segments of ENEOS Ocean’s shipping business

NYK will acquire 80% of the shares of a new company to be established by ENEOS Ocean Corporation, a consolidated subsidiary of ENEOS Holdings,...

NWSA reports higher container volumes in 2024

The Northwest Seaport Alliance (NWSA), a partnership between the ports of Seattle and Tacoma, handled 321,432 TEUs in June, representing a significant growth of...

Port of Rotterdam nears 7 million TEUs in first half

In the first half of the year, Port of Rotterdam's container throughput increased by 4.2% in tonnes to 67.1 million tonnes and by 2.2%...

Port of Los Angeles achieves another monthly container gain

Port of Los Angeles processed 827,757 TEUs in June, translating to a 10% increase over the previous month and less than 1% compared to...