Container Shipping Market Overview & Outlook June 2024
BIMCO's Shipping Market Overview and Outlook June 2024 - Container Market
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Shipping industry calls for action following the attack on the MV Tutor and cargo ship Verbena
Joint press release on shipping industry calls for action following the attack on the MV Tutor and cargo ship Verbena
UPDATED: BIMCO and others publish security guidelines for Southern Red Sea and Gulf of Aden
Updated security guidance applicable to navigating in the Southern Red Sea and Gulf of Aden issued by BIMCO, ICS, CLIA, IMCA, INTERCARGO, INTERTANKO and OCIMF
Joint WSC, BIMCO and ICS statement on joint international statement on Red Sea attacks
The World Shipping Council, the International Chamber of Shipping and BIMCO today expressed their thanks to the 12 nations that have jointly condemned the ongoing illegal attacks on ships in the Red Sea
Supply
We forecast that the fleet will have grown 9.6% YoY by the end of 2024 and another 5.5% YoY by the end of 2025. During the three year period from 2023 to 2025, the fleet will therefore expand by 25%, the fastest rate of growth since the three years from 2011 to 2013. The continuing diversion away f... Please follow the link to continue reading.
Red Sea & Gulf of Aden: using BIMCO’s VOYWAR and CONWARTIME clauses
In light of the recent development, BIMCO recommends using the latest editions of its War Risks clauses VOYWAR 2013 and CONWARTIME 2013
Concern over security situation in the Red Sea
BIMCO has received two security advisories which are shared below.
Precautionary advice for ships in the vicinity of Southern Red Sea
BIMCO would like to remind all members of the need to remain vigilant and report all suspicious activity to UKMTO when transitting through the southern Red Sea in the area of Bab el Mandeb.
USA, Alaska, Red Dog AK - Weather and Sea conditions
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Demand
So far this year, container volume growth has developed more favourably than we predicted in our last report and we have also upped our growth forecast for the full year. We now forecast that container volumes will grow 5.0-6.0% in 2024 and 3.0-4.0% in 2025. Head-haul and regional trades are expect... Please follow the link to continue reading.
