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Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 sulphur cap compliance. Fleet growth is lower then last year, but still too high compared to demand growth.
On 5 October, the committee held its first face-to-face meeting since the pandemic to discuss a wide range of practical and political topics impacting shipowners, operators and managers. It was also a hybrid meeting, giving committee members the option of coming to BIMCO House in Copenhagen or joining in online.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)