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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 –...

Bulker newbuilding contracting plunges 92% to lowest level in decades

"During the first two months of 2025, bulker newbuilding contracting dropped 92% y/y to the lowest level in at least 30 years. While contracting in...

Canada’s growth in crude tanker exports nears 60%

"Year-to-date, Canadian crude tanker exports have reached 618,000m barrels per day (kbpd) up from 388 kbpd during the same period last year, an increase...

Ukraine’s dry bulk shipments take 87% leap three years after Russia’s invasion

“Three years after Russia’s invasion of Ukraine, the volume of dry bulk shipments from the two countries combined is 6% below pre-war levels. However,...

BIMCO: Increase in regional container trade imbalances

Since 2019, the global container market has grown 8%, ending at 183.2 million TEUs in 2024, according to Container Trade Statistics. This growth, however, has...

Transits through Panama Canal down 10%: BIMCO

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analysis Manager, Filipe Gouveia, examines Panama Canal transits which have declined in recent...

Grain shipments to China drop over 50% amid low demand

"In January, grain shipments to China are estimated to fall 51% y/y, partly due to a decline in import demand for soya beans caused...

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...
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The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...
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