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Capesize: The Capesize market staged a dramatic turnabout at weeks end after seeing several days of value eroded off each route in the market. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
Supramax: A week of falls across most routes led to the BSI closing at 3,348, a drop of 122 week-on-week. With Hurricane IDA the US Gulf lost momentum as cargo supply eased, whilst from South America fresh enquiry was limited. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
In response to growing concerns and increasing attacks in the region, a taskforce of stakeholders from across the shipping industry drafted the Gulf of Guinea declaration on the Suppression of Piracy.
BIMCO makes a continuous effort to provide information on the most recent restrictions.
In the wake of COVID-19 have the BIMCO received a number of reports and circulars with imposed restrictions intended to keep the virus at bay. These restrictions have proven to disturb crew mobility. In this page, we'll guide our members on the ship/shore interface restriction regimes BIMCO is aware of
BIMCO has been informed by members in Algeria that VAT is now payable on services supplied to ships.
The Philippine government has decided to tighten security regarding entry of certain nationalities into the Philippines.
