22 January 2020
Brazilian crude oil exports hit a record high in December 2019 with a total 8.7 million tonnes of crude oil exported, as China continues to turn to Brazil for crude.
26 November 2019
The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.
03 October 2019
14 June 2019
BIMCO has published two clauses that take a balanced approach to termination risk following ship arrest, in response to cases seen in recent years when some dry cargo charterers have tightened procedures to arrest under a charter party.
12 June 2019
As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
11 June 2019
Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.
04 April 2019
Fraudulent registration of ships and fraudulent registries, which have been used as a cover for criminal activities, was high on the agenda of the 106th session of the IMO Legal Committee, taking place in London from 27 to 29 March.
20 February 2019
Calling a market turnaround to perfection is pure luck. But scouting for pillars that would support a higher level of demand makes sense. First up is the next Brazilian soya bean export season.
13 February 2019
BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry. The proposal has been made to the expert workshop preparing for the study, which is meeting in London 12-14 March.
05 February 2019
The International Labour Organisation (ILO) celebrated its 100 years by issuing a new consolidated text of the Maritime Labour Convention, as amended (MLC,2006) which includes the 2014 and 2016 amendments.