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As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
SUPRAMAX: Whilst the Atlantic is still seeing positive sentiment overall, the Asian basin was losing ground brokers said The Baltic Exchange daily fixture report features daily updates on the Baltic exc hange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
SUPRAMAX: A mixed day with routes remaining in positive territory in the Asian basin whilst some routes in the Atlantic lost ground The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
Capesize The capesize market took a southerly direction this week to settle at $17,918, down -$1,998 week on week. Ultramax/Supramax A contrasting week for the BSI with routes from the Asian basin gaining ground whilst many routes from the Atlantic lost ground as the week progressed. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
BIMCO has developed a generic Flighted Spongy Moth Complex Clause for Time Charter Parties that provides a commercial solution focussing on the basic obligations and responsibilities of the owners and the charterers. This clause was renamed from Asian Gypsy Moth Clause for Time Charter Parties in March 2023 Not all countries have introduced the new name yet, but BIMCO has decided to standardise on Flighted Spongy Moth Complex, abbreviated to FSMC.
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.
On Monday, BIMCO hosted an Advisory Panel in Singapore with the aim to continue to strengthen the shipping voice of members across Asia and establish a new platform for dialogue and involvement.
