The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean have been reduced, with new advice issued to merchant ship operators.
BIMCO has launched a new website with maritime security guidance to companies and mariners together with other international shipping industry organisations.
This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I Club and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, inc... Please follow the link to continue reading.
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The ... Please follow the link to continue reading.
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We estimate that crude tanker demand will increase by 6.5-7.5% in 2024 and 2-3% in 2025. Cargo growth is forecast to be 2-3% in 2024 and 1-2% in 2024. Increased sailing distances due to the Red Sea crisis are expected to lift demand in the first half of 2024, whereas the continued shift of crude sup... Please follow the link to continue reading.
Global economic growth is estimated to have been 3.1% in 2023. The International Monetary Fund (IMF) projects that growth in 2024 and 2025 will end up at 3.1% and 3.2% respectively. The IMF forecasts slower growth for both 2024 and 2025 in the US, China, Japan and India compared to 2023. On the oth... Please follow the link to continue reading.
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