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In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024.
The 5th session of the International Maritime Organization (IMO) Sub-Committee on Ship Design and Construction (SDC 5) will be held in London from 22 to 26 January 2018.
All the talk and rumours in the industry and in the press about ship orders being cancelled, delayed or postponed is beginning to show in the order book
This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The full CSA report is also provided.
During a 10-day operation called “Jangkar Haram”, Malaysia clamped down on illegal anchoring in its waters. The ships involved have either been warned and ordered to leave or detained and fined. BIMCO recommends Masters to take extra precaution and obtain prior permission from relevant authorities before anchoring.
What’s not to like about 2021 for container shipping?
In recent months, Somali pirates have repeatedly attacked and hijacked a number of merchant vessels in international waters. These incidents serve as a grim reminder of the critical importance of BMP5 (Best Management Practices to Deter Piracy and Enhance Maritime Security in the Red Sea, Gulf of Aden, Indian Ocean, and Arabian Sea) in the shipping industry.
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
In October 2020, the order book for new container ships bottomed out at 8.4% of the combined trading fleet. For ships smaller than 8,000 TEU, the order book bottomed out one month later at 3.7% of the trading fleet, and only accounted for 18.2% of the total container order book. Interest in the smaller segments, however, is bouncing back after months of hibernation.
