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Capesize: Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East.
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.
Ongoing geopolitical events and the recently unfolding conflict in the Middle East have certainly managed to keep global trading lanes busier and the freight markets unseasonably high, all at a time when many had been expecting the Dry Bulk & Container sectors to cool off as the industry approaches the traditionally quieter Chinese New Year holidays early next month. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
BIMCO is an international association organising training courses, seminars, subcommittee meetings, working groups, etc. worldwide. As a consequence of the current spread of Coronavirus, BIMCO has decided that no BIMCO staff can travel to the Far East until further notice.
BIMCO will host a one-hour webinar on 27 January at 10:00 CET to introduce the new standard term sheet for bilateral ship financing transactions, codenamed SHIPTERM.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)