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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.

BIMCO: EU ship recycling regime improved but gaps remain

An updated Report on the European list of ship recycling facilities, commissioned by BIMCO, shows progress in increasing the number of active yards on the list, but the rules still don’t reflect commercial realities and lags behind on capacity to scrap large commercial ships.