06 February 2020
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which remain heavily reliant upon China, both on the import and export side.
31 May 2018
The dry bulk shipping industry remains on the road to recovery, as demand continues to keep its nose just ahead of fleet growth, while scrapping and ordering remains subdued.
30 May 2018
GDP growth and high trade multipliers have benefitted the shipping industry through higher trade volumes, but this could be as good as it gets.
03 July 2018
The trade war adds painful uncertainty for the shipping industry, as it distorts the free flow of goods, changes trade lanes and makes it difficult for ship operators and owners to position their ships efficiently in the market.
13 February 2018
Chinese seaborne imports of iron ore, coal and crude oil have all grown strongly throughout 2017. Both seaborne imports of crude oil and iron ore have reached the highest levels ever recorded, while coal reached the highest level in three years.
Imports of crude oil and coal have benefitted the shipping industry to the greatest extent as both volumes and distances have increased.
20 February 2018
The fleet is growing at the slowest pace since 1999, and solid growth in demand means that the dry bulk shipping industry should be facing another year of improvement to the fundamental balance.
20 November 2018
The fragile recovery is stalling because the fleet is growing too fast.
15 May 2018
For the first time, IMO will discuss the maritime autonomous ships. The use of autonomous ships – or so-called unmanned ships - will create the need for a regulatory framework for such ships and their interaction and co-existence with manned ships.
17 September 2019
BIMCO has contributed to a discussion at the IMO to change the definition of Group A cargoes that may liquefy, after new research on liquefaction of bauxite cargoes concluded that dynamic separation can also affect cargo stability in addition to liquefaction.
03 January 2017
Amendment 03-15 to the International Maritime Solid Bulk Cargoes (IMSBC) Code becomes mandatory effective 1 January 2017.