The dry bulk fleet is estimated to grow by 2.7% in 2024 and 1.9% in 2025. However, lower sailing speeds could cause supply to only grow by 1-2% in both 2024 and 2025. The dry bulk orderbook stands at 86.8 million deadweight tonnes (DWT), up 4.1% y/y, equal to 8.7% of the current fleet. This has be... Please follow the link to continue reading.
We estimate that dry bulk supply will only grow by 2-3% in 2024 and 1.5-2.5% in 2025. The dry bulk fleet is expected to grow by 2.6% in 2024 and 2.3% in 2025, the slowest it has grown since 2016. Ship deliveries are forecast to reach 32.0 and 32.4 million DWT in 2024 and 2025 respectively. This is... Please follow the link to continue reading.
BIMCO seeks members' comments on the latest draft of this new contract.
Work has begun on the revision of BIMCO’s Standard Ship Repair Contract, codenamed REPAIRCON.
We estimate that the crude tanker and product tanker fleet will end 2023 up 1.8% and 2.0% respectively on last year. Crude tanker growth will also remain muted in the coming few years as the order book to fleet ratio remains very low at 4.3%. Contracting of product tankers has in the meantime inc... Please follow the link to continue reading.
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BIMCO's Chief Shipping Analyst looks at the shipping number of the week. This week: tanker contracting
The International Maritime Organization (IMO) has released guidance for cases when COVID-19 results in unforeseen delays in the delivery of newbuild bulk carriers and oil tankers originally scheduled to be delivered before 1 July 2020. The guidance is particularly relevant to shipbuilders, equipment... Please follow the link to continue reading.
Fergus Gifford is Director of Newbuilding and Sale & Purchase at Arrow in Tokyo. After seven years at Arrow in London and Hong Kong, he moved to Tokyo in August 2019. Born in London, he studied at Edinburgh University and has spent half his life in Asia, dividing his time between Tokyo, Kobe and Hon... Please follow the link to continue reading.
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Chinese New Year and container rates
