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The 2017 half-year result of the dry bulk terminal vetting is ready. New reports have been added to the database by ships after each port call.
Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over impact on the global economy.
Russia has invaded Ukraine and maritime security is severely affected.
BIMCO is seeking to drive the improvement of standards for ships at dry bulk terminals across the world and has today launched its first report on terminal performance.
The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report.
The best performing port, in BIMCO’s Dry Bulk Terminals Vetting Report 2018, is Szczecin in Poland. The report collected input from 144 ships covering 381 terminals. A total of 97% of the reports were rated as average or better, which gave an average rating of 3.6 (out of five). The result is a marginal better than last year’s results.
A strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet
