28 August 2017
Since early July, the capesize rates have gone up and up. By mid-August, they had reached a breakeven level to become profitable. BIMCO estimates that a capesize ship on average fleet financing and operational cost levels, turns profitable when rates are above $15,300 per day.
20 February 2018
The fleet is growing at the slowest pace since 1999, and solid growth in demand means that the dry bulk shipping industry should be facing another year of improvement to the fundamental balance.
19 November 2018
By examining our fleet-growth estimate alone, 2019 looks like a year in which the fundamental balance can only improve. But the trade war remains the wild card here.
20 November 2018
The fragile recovery is stalling because the fleet is growing too fast.
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.
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.
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.
13 July 2018
To get members ready for the new Code coming into effect 1 January 2019, BIMCO gives a run down of the major amendments that would impact members' business dealing with the carriage of dry bulk cargoes.
17 September 2019
BIMCO has contributed to a discussion at the IMO to change the definition of Group A cargoes that may liquefy, after new research on liquefaction of bauxite cargoes concluded that dynamic separation can also affect cargo stability in addition to liquefaction.
31 October 2018
The amended IMSBC Code for carriage of dry bulk cargoes will enter into mandatory force on 1 January 2019. What are the amendments that would impact members’ dealing with these cargoes? BIMCO gives the rundown of these amendments.