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Tag: BIMCO

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...

Strong dry bulk market fuels 42% drop in ship recycling

So far this year, only 45 ships have been recycled, adding up to 2.5 million deadweight tonnes (DWT) or 0.2% of the fleet. Recycling...

European ocean carriers navigating through uncertain waters

Major European shipping companies, like Hapag-Lloyd, Maersk and CMA CGM, are facing significant challenges in 2024, driven by declining freight rates, geopolitical instability, and...

Chinese seaborne dry bulk imports up 6% despite economic challenges

So far in 2024, China has increased its inventories of iron ore, coal and grains, which has been a positive demand driver. Iron ore inventories...
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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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