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A trade war is harmful to us all and clearly bad for global shipping

22 March 2018

Free trade provides prosperity and peace. It’s a fundamental principle to cherish and safeguard. All trade-restrictive measures are in principle bad for shipping. Right now, the international atmosphere is full of threats of retaliation and it appears likely that major trading partners with the US like the EU and China will hit back to draw a line in the sand for the US Administration and President Trump.

China breaks new ground... again

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.

EU, China and the U.S. needs to support counter-piracy operations in the Gulf of Guinea – BIMCO

09 January 2019

Piracy in the Gulf of Guinea is an unacceptable burden to seafarers and shipping companies. Around 40 ships have been attacked in the Gulf of Guinea in the past 12 months. Most recently, six seafarers were kidnapped from the MSC Mandy, which was on the way to Lagos, Nigeria. BIMCO asks, on behalf of its members, that maritime powers increase their presence and expand their collaboration with local states to curb piracy. 

The new digital BIMCO Bulletin is out

26 November 2018

The new BIMCO magazine the “Bulletin” is out with articles covering the effect of the US-China trade war, the 2020 sulphur limit and the challenges of ship recycling and ballast water management. “The shipping industry is taking major steps and making huge investments to be ready for (2020) compliance. It is only fair that the nation states party to Annex VI of the MARPOL Convention live up to their end of the agreement,” BIMCO’s Secretary General, Angus Frew, points out in his foreword. Also, read the latest market analysis by Peter Sand and read why now is the wrong time to do business as usual as the trade war rages on.