09 May 2019
Shipowners, charterers and bunker traders will need extended credit for 1 January 2020 as the price of low-sulphur fuel will rise – perhaps significantly. Engaging with bunker suppliers and credit agencies to prepare a credit strategy is a must.
07 October 2019
The Fuel Oil Non-availability Report (FONAR) is not a get-out-of-jail-free card. What is meant as a useful last resort for a ship arriving with non-compliant fuel at a port could come with an expensive price tag.
12 June 2019
At the IMO’s 101st meeting of the Maritime Safety Committee, BIMCO’s Head of Maritime Security – Jakob P. Larsen – spoke in a direct fashion about the serious situation posed by piracy in the Gulf of Guinea, and especially off the coast of Nigeria.
01 November 2016
BIMCO, the world’s largest shipping association, has today unveiled its new corporate identity and website – following research and testing within its global membership.
22 January 2016
2016 continues where 2015 ended, with all eyes on China. This is mainly because of uncertainty surrounding the development of the world’s second-largest economy. When the first day of the Shanghai Stock Exchange of 2016 closed prematurely, the trading results echoed around the world. It warned us that we are in for a rough ride in 2016.
22 January 2018
12 February 2014
On a global scale, containerised export data from CTS, shows that activity improved in May following a weak start to 2013. Since then, the pace has picked up, and November and December saw 5-7% growth rates from same months of last year.
12 February 2014
The arrival of January also meant that Capesize freight rates once again touched the ground following three extraordinary months of flying high. Q4-2013 represents the strongest quarter in demand ever, and the seasonal weakness of Q1 simply had to affect the level of freight rates negatively.
06 March 2014
“The importance of China to the shipping market is second to none. This goes for all major shipping segments. In spite of leaving the double-digit growth rates behind us in the previous decade, the sheer size of the world’s second-largest economy now gives so much impetus to our industry that we have become addicted to China.”
22 May 2012
Crude oil tanker tonnage in the size range from Aframax to VLCC is now recycled at the age of just 21, a level not seen since 1995. The poor freight market now increasingly impacts the segment of more mature tankers, effectively reducing the room for more demolition to balance the market.