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Tag: BIMCO

Industry Opinions

Strong dry bulk market fuels 42% drop in ship recycling

Ioanna Kontos - September 18, 2024 0

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

Alexandros Itimoudis - September 18, 2024 0

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...

Industry Opinions

Chinese seaborne dry bulk imports up 6% despite economic challenges

Container News Team - September 11, 2024 0

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...

Industry Opinions

Container ship contracting spree now exceeds 10 million TEUs

Ioanna Kontos - August 28, 2024 0

"When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the...

Industry Opinions

Container ship fleet sees fastest growth in 15 years

Ioanna Kontos - July 24, 2024 0

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs. "Compared to one year ago, the...

Industry Opinions

BIMCO: Dry bulk newbuild contracting fell, despite strong market

Container News Team - July 18, 2024 0

“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...

Industry Opinions

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

Ioanna Kontos - May 23, 2024 0

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

Container News Team - May 8, 2024 0

“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...

Industry Opinions

Covid pandemic wiped 24.6 million TEUs off container market growth

Ioanna Kontos - April 17, 2024 0

"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...

Industry Opinions

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

Container News Team - April 11, 2024 0

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

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Tag: BIMCO

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