25 November 2019
A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.
30 September 2019
BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.
23 August 2019
Marsden Point, New Zealand came out as the highest rated bulk terminal in BIMCOs Terminal Vetting Scheme. With 161 ships from 132 companies involved in the scheme, the report now covers 419 terminals globally. Just under 95% of the reports were rated average or better, which gave an average rating of 3.6 (out of five), suggesting positive trends for the future.
12 June 2019
The tanker market is – even more so than before – all about geopolitics.
21 May 2019
The Marine Environmental Protection Committee (MEPC) strengthened Energy Efficiency Design Indexes (EEDI) for Phase 3 for certain ship types by increasing the reduction rate and/or bringing forward the start date.
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.
01 November 2018
BIMCO is encouraging shipowners to authorise their respective flag state administrations or recognised organisations to report their Energy Efficiency Design Index (EEDI) values for all applicable new ships in their fleet to the The International Maritime Organization (IMO).
10 July 2018
2018 has been absolutely horrible for the crude oil tankers with freight rates and the fleet utilisation rate falling to a record low level.
31 May 2018
Overcapacity remains in the sector, where fleet growth is extremely uneven.