07 February 2017
Due to a couple of incidents in late 2015 and early 2016 shipments of palm kernel shells were were shown to emit very high levels of methane (flammable ) gas in the cargo spaces.
08 October 2018
BIMCO advises on the date of entry into force for the second round of amendments to the Maritime Labour Convention, 2006 (MLC 2006) relating to harassment and bullying on board ships and the extension of the validity of MLC certificate.
27 March 2020
BIMCO makes a continuous effort to provide information on the most recent restrictions.
29 August 2017
As freight rates are coming back from the abyss, their actual rise seems to be magnified beyond their actual performance. Some container spot freight rates are up more than 100% from the very low levels of last year, but may still be at a loss-making level now and so spot rates are not the best indicator for market profitability.
19 January 2017
The container shipping lines received an average rate 7% (42 USD) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015.
27 January 2017
As the lowest level of newbuild containership deliveries since 2004 was combined with record breaking scrapping levels, net inflow of capacity amounted to just 246,000 TEU – a growth rate of 1.2% - probably the lowest ever.
31 October 2017
In 2019, global oil demand is forecast to pass the symbolic 100 million barrels per day threshold (International Energy Agency). Developing countries account for almost all of the growth and Asia dominate.
BIMCO stated in its forecast for 2017, that the tanker demand growth for 2017 is expected to come predominantly from the greater Asia region, led by China. China has met expectations by ramping up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As China is importing crude oil from further afield in 2017 than in 2016, the tonne miles generated has surged 18%.
30 October 2017
BIMCO’s Chief Shipping Analyst Peter Sand will moderate the “Dry Bulk Market Outlook: Sustaining Cautious Optimism for Calmer Waters” panel discussion, scheduled for 23 November at 16:00-17:30. Peter Sand will be joined by Burak Cetinok, Head of Research at Arrow Shipbroking Group and Angad Banga, Chief Operating Officer at The Caravel Group.
10 April 2014
04 September 2015