26 February 2020
The fundamental balance will continue to deteriorate in 2020, offering little support to operators hoping to pass on higher fuel costs, caused by the sulphur cap, to shippers.
29 January 2020
US seaborne exports to China of the goods which China has imposed tariffs on since the start of the trade war fell by 37.6% in the first 11 months of 2019 (11M 2019) compared to the same period of 2017, the last full year unaffected by the trade war.
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.
13 November 2019
At the most recent International Oil Pollution Compensation (IOPC) Funds meeting in London, Ban Ki-moon, former United Nations Secretary-General, spoke to representatives, IMO staff and the Funds’ Secretariat about the value of shipping to international trade, climate change and encouraging and empowering women to play a greater role in shipping.
09 October 2019
Combined soya bean exports from Brazil and the US are down 7.8% in the first eight months of this year, as the main Brazilian soya bean export season disappointed.
18 September 2019
BIMCO expects the fundamental market balance to deteriorate in 2019 which will do nothing to improve freight rates as the 2020 sulphur cap nears.
23 August 2019
Marsden Point, New Zealand came out as the highest rated bulk terminal in BIMCOs Terminal Vetting Scheme. With 161 ships from 132 companies involved in the scheme, the report now covers 419 terminals globally. Just under 95% of the reports were rated average or better, which gave an average rating of 3.6 (out of five), suggesting positive trends for the future.
22 August 2019
BIMCO has updated and restructured its port information database which provides the maritime industry with reliable information about port facilities, working hours and national holidays.
14 August 2019
The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives.