Successful GENCON 2022 seminars held in Asia – more to come in Europe, US

Last week, BIMCO conducted three highly successful seminars on BIMCO’s recent GENCON 2022 voyage charter party for the dry bulk trade. The seminars , which took place Singapore, Seoul and Tokyo, were all very well attended with great engagement from a lively audience interested to know about BIMCO’s flagship contract in the dry bulk trade when it comes to voyage chartering. Almost 100 people attended the seminars in each of the three shipping centres.

Macro Economics: Surprising Europe and Stable China eases the economic uncertainty 5 Sept. 2016

Finally, we can conclude that a one-sided focus on monetary expansion handled by central banks is not enough anymore.

Economic news from Europe and China challenges shipping demand

Container Shipping - Owners rush to the yards despite a distressed market

Following five weak months of demand growth (January-May), transported container volumes are finally growing on the Far East to Europe trading lane – as much as 1.9% y-o-y in the first seven months of 2013.

Transatlantic container shipping spot rates jump 210% on last year

For almost three months now, the spot freight rate for containerised goods shipped by sea from North Europe to the US East Coast has been 210% higher than last year (1 July – 23 Sept).

Container Shipping - Little progress in demand and record-sized ships

The balancing act continues, as demand moves forward at snail’s pace while a new record-sized containership is deployed in the Asia-Europe trading lane

Container Shipping - new deliveries add to the supply side, on the demand side the US is up while Europe is down

There is room for some optimism in the container ship business, as witnessed by the number of loaded containers going into the ports on the US West Coast. Here, demand increased by 1.7% during 2012, more than making up for the fall in demand in 2011.

BIMCO’s analysis shows significant geographical differences when it comes to VLSFO sulphur compliance and ISO 8217 quality problems

BIMCO, together with the other industry organisations, acquired data on all commercial fuel samples tested by Veritas Petroleum Services (VPS) during 2020. This VPS data clearly shows the geographical differences between the standard of the fuels delivered to ships. Europe and the US seem to have the poorest performance. This is both in relation to sulphur compliance which may lead to increased air pollution, and ISO 8217 quality parameters, which may impact the safety of ships. BIMCO is providing IMO with data on very low sulphur fuel oil (VLSFO) sulphur compliance and ISO 8217 fuel quality problems. The submissions include an invitation to countries to consider implementing and enforcing a licensing scheme for bunker suppliers operating within their jurisdiction. Such a measure should help combat the high level of problems in some of the poorer performing geographical regions.

Meet BIMCO’S Chief Shipping Analyst in Hamburg

BIMCO’s chief shipping analyst will be participating at the Container Trade Europe Conference on 18-20 September 2018 in Hamburg.

Container Shipping - Historical rise in freight rates on main trading lanes is bettering the outlook for now, despite the large number of ships in layup

Towards the end of 2011, we got the first indication that liner companies were winning “the pricing battle” against shippers on the level of freight rates on the main lanes from Far East to Europe and the Mediterranean.