15 August 2014
Some time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market. However, like other soon-to-arrive recoveries, the waiting time tends to increase as we approach the expected tipping point. This time around, global refinery throughput started the year strongly but entered a still running soft patch in May, high volumes but shorter hauls out of the US Gulf, and the steady inflow of new ships were part of the cocktail that prevented freight rates from taking off big time.
09 April 2014
Despite the year-on-year improvements, the complete lack of volatility outside the Capesize segment means that spot operators’ trading possibilities have been scarce.
22 May 2015
The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, shipowners across the board seem to have a lot on their plates.
16 June 2020
Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the Covid-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year.
13 January 2017
29 September 2017
This week’s meeting of the Implementation of IMO Instrument (III) Sub-Committee was in general business as usual because no controversial issues were raised. The bulk of the meeting papers consisted of the different Port State Control (PSC) regimes’ annual reports.
05 October 2017
IMO issues warning on the dangers of carrying ammonium nitrate based fertilizers (non-hazardous) in bulk and advises on safety precautions for safe carriage.
18 January 2019
Warning of explosive incidents that could occur with shipment of aluminium dross in bulk containers.
07 September 2017
BIMCO will be attending the IMO in London for the 4th session of the Sub-Committee on Carriage of Cargoes and Containers (CCC), which will be held from 11 to 15 September 2017.
14 September 2018
BIMCO representatives from the Maritime Information Department have attended the 5th session of the International Maritime Organization’s (IMO) Sub-Committee on Carriage of Cargoes and Containers (CCC 5), held at the IMO London headquarters from 10 to 14 September 2018.