14 December 2020
Late last week, an explosion at South Africa’s second largest refinery cast focus firmly on the East and South African refined products market. Engen’s 120,000 b/d Durban refinery is small by modern standards but combined with the ongoing outage at Astron Energy’s Cape Town plant (100,000 b/d), the nation’s product balances have moved more sharply into deficit.
Weekly tanker market report by Gibson Shipbrokers.
24 November 2020
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-even point, though not high enough to make up for losses made during the first part of the year.
27 October 2020
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever.
21 October 2020
BIMCO, ICS, INTERCARGO, INTERTANKO and OCIMF warns that as the dry season approaches and sea conditions abate, an increase in attacks in the Gulf of Guinea has traditionally been seen, so maritime security risks to vessels operating in the Gulf of Guinea require renewed attention.
09 September 2020
For the new season beginning September 2020, New Zealand and Australia have introduced the measures to combat increasing spread of Brown Marmorated Stink Bug (BMST) coming from targeted "BMST" countries which have now risen to 37 countries with the inclusion of Kazakhstan, Moldova, Portugal and Ukraine.
09 September 2020
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world.
24 June 2020
Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets.
11 May 2020
As a result of the COVID-19 pandemic, the International Maritime Organization (IMO) has postponed all meetings since March 2020. BIMCO is adapting to the new schedule, and this article provides an overview of the IMO-related work that BIMCO members need to know about, despite the pandemic.
04 May 2020
Despite lower volumes being fixed in the spot market, it is key to tracking developments in the container shipping market, as it quickly responds to the changing situation and adjustments to demand and supply.
18 January 2021
Providing members with the latest information on extensions to crew certificates by various states in the wake of the Coronavirus (COVID-19) outbreak. The page might be updated several times per day, so please check back for the most recent information.