Tanker market report 30 June 2023
MEMBER CONTENT – login using the orange button at the top of the page to view.
Please select a reason for contacting BIMCO from the list above to find the best contact number
BIMCO Search Results
What is BIMCO thinking about 2020?
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by. We put all the thoughts in a magazine. This year is no different, and a range of BIMCO people have written their opinions on what the new year will bri... Please follow the link to continue reading.
Tanker market report dated 1 November 2019
MEMBER CONTENT – login using the orange button at the top of the page to view.
Best opportunity in years to combat Gulf of Guinea piracy
Historically, piracy attacks in the Gulf of Guinea see a spike during the dry season which normally lasts from October/November to March/April. What is different this year is that Nigeria has launched a comprehensive set of anti-piracy capabilities and at least two international navies will have ver... Please follow the link to continue reading.
Italy, Pozzuoli - Crew Issues
MEMBER CONTENT – login using the orange button at the top of the page to view.
Italy, Naples - Crew Issues
MEMBER CONTENT – login using the orange button at the top of the page to view.
BIMCO launches advisory panel to facilitate ship manager dialogue
Demand
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.
Macro environment
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.
Gulf of Guinea Declaration on Suppression of Piracy gains support in Asia
Support for eradicating piracy in the Gulf of Guinea is gaining strength both in Asia and world-wide. Organisations including Japan’s NYK Line and the Asian Shipowners’ Association are among the latest to join in the call for action.
