Shipowners and traders urgently need a credit strategy 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. Environment protection 2020 sulphur cap
FONAR: The expensive tool shipowners should avoid 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. Environment protection 2020 sulphur cap
BIMCO calls for anti-piracy action off Nigeria at IMO 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. News story Security Piracy Nigeria Gulf of Guinea Africa - West Coast
Philippe Louis-Dreyfus: “BIMCO is the trusted partner of the global shipping industry” 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. Press release Priority news
Macro Economics: Uncertainty in Asia echoes around the world 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. Market analysis Macro 2016
Environmental organizations and shipping industry call for carriage ban on non-compliant fuel 22 January 2018 Press release Priority news Environment protection
Container Shipping - The increased demand from “Advanced economies” should increase the utilisation of containerships 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. Market analysis Container
Dry Bulk Shipping - Reality bites as 2014 dawns, but the demand base is stronger than ever 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. Market analysis Dry cargo
China’s aim of 7.5% GDP growth for 2014 is positive news for the shipping market – in particular, dry bulk 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.” Market analysis
The average age of demolished crude oil tankers hits 21 – not much room left for demolition balancing the market! 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. Market analysis Tanker
