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Container ship orderbook hits 6.5m TEU for the first time since 2008
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts.
Secondhand crude tankers reach highest values in 15 years
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: secondhand crude tankers
BIMCO invites your comments on Refund Guarantee
Refund guarantees are complex legal documents and must meet the requirements of the issuing banks. BIMCO has, in close co-operation with legal and commercial experts, banks and shipyards, been working to develop a standard refund guarantee which can be used for shipbuilding contracts, such as SAJ.
Germany, FR of, Papenburg - Entrance
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BIMCO invites your comments on Refund Guarantee
Refund guarantees are complex legal documents and must meet the requirements of the issuing banks. BIMCO has, in close co-operation with legal and commercial experts, banks and shipyards, been working to develop a standard refund guarantee which can be used for shipbuilding contracts, such as SAJ.
Demand shocks drive ship recycling to lowest level in 20 years
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Demand shocks drive ship recycling to lowest level in 20 years
Supply/demand balance
Though the spot markets for both crude and product tankers have suffered reductions during 2023, and crude tankers especially have seen significant volatility, both markets have remained attractive. Time charter rates have remained near the highs of 2022 and second-hand ship prices have continued to... Please follow the link to continue reading.
EU-flagged newbuildings to carry IHM
Starting 31 December 2018, EU-flagged newbuildings must carry out an inventory of hazardous materials on board and carry relevant certification.
