Latvia, Riga - Crew Issues
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Thailand - Freight tax
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Contracting of product tankers jumps 337% in the first half of 2023
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: contracting of product tankers jumps 337% in the first half of 2023
Supply/demand balance
Even though cargo volumes and tonne miles quickly recovered from a seasonal dip early in the year, freight rates have not yet been able to fully match the peaks of the 4th quarter 2022. Earnings, however, remain solid and time charter rates and second-hand ship prices are at their highest levels sin... Please follow the link to continue reading.
Another success for the BIMCO Holiday Calendar and BIMCO Advice
A case story from a BIMCO member's enquiry about laytime related to holidays
Container market grows a modest 0.2% y/y in 2023 as the fleet swells
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Container market grows a modest 0.2% y/y in 2023 as the fleet swells
Industry Organisations
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Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace
China’s appetite for bauxite hits new record as Q1 imports jump 15.4% y/y
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and 2021, significantly outpacing all other commodities which combined grew at an average of just 4.3% per year. So far in 2022, the appetite for bauxite im... Please follow the link to continue reading.
