2017

Dry bulk fleet exceeds 800 mill DWT as supply surges

The dry bulk fleet exceeded 800 mill DWT in January 2017, as the dry bulk fleet grew by 2.6% year on year. BIMCO’s Chief Shipping Analyst Peter Sand expects the dry bulk fleet to grow 1.6% for the full year in 2017, if the projected demolition activity of 19 mill DWT is realised. The declining growth rate from the panamax, supramax and handysize segments was absorbed by a growing capesize fleet; the total fleet growth was stable in 2016.

Guidance on General Average and New Jason Clauses

Users of BIMCO’s WINDTIME, SUPPLYTIME 2017 and ASVTIME charter parties should be aware of new guidance relating to possible inclusion or exclusion of General Average and New Jason Clauses.

China breaks new ground... again

Chinese seaborne imports of iron ore, coal and crude oil have all grown strongly throughout 2017. Both seaborne imports of crude oil and iron ore have reached the highest levels ever recorded, while coal reached the highest level in three years. Imports of crude oil and coal have benefitted the shipping industry to the greatest extent as both volumes and distances have increased.

BIMCO SmartCon information and available contracts

There is a new version of BIMCO SmartCon and it combines the fast, simple and easy approach from the online version, together with the track changes and comments from Word. The editor is online and you don't need to install anything, the only requirement is that you have the latest version of a modern browser like Google Chrome and Microsoft Edge.

Macroeconomics: Labour market tightens but inflation remains subdued around the globe

BIMCO reported in our previous macroeconomics report in April 2017 that monthly indicators were showing a strengthening in the global economy. The firm growth dynamics in advanced economies have now, four months later, had a cascade effect on some emerging markets and developing economies (EMDE). This solid growth has sparked an appetite for EMDE assets and indicates that the market expects a pickup.

US crude oil exports now more important to shipping than US oil product exports

The United States (US) government lifted their restrictive policy on crude oil exports in December 2015. In September and October 2017, increased demand from Asia and Europe has caused US seaborne export of crude oil to surpass the US seaborne export of oil products in terms of billion tonne miles.

Demolition report dated 8 December 2017

RATE RISE! It would not be surprising to see several more sales take place in a similar vein before 2017 ends (probably even higher). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

BIMCO on Bloomberg Intelligence Webinar

BIMCO’s Chief Shipping Analyst Peter Sand, will be speaking at the Bloomberg Intelligence (BI) Webinar on 23 May 2017 at 10:30 (15:30 GMT).

Meet the BIMCO President and team at the Maritime Cyprus 2017 conference

BIMCO’s President Anastasios Papagiannopoulos will moderate the “Smart Shipping” panel discussion, scheduled for 10 October at 11:45. The panel will discuss novel ship design, cyber security and digitalisation – all key issues with a specific bearing on the future.