18 June 2021
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO).
BIMCO provides the following update for this week ending Friday, 18 June 2021.
02 June 2021
Demand drivers and freight rates
A recent small and short spike in oil product tankers shows just how far the tanker market still has left to go on its recovery journey.
06 April 2020
BIMCO makes a continuous effort to provide information on the most recent restrictions.
03 February 2021
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
25 November 2019
BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance.
18 March 2019
Opec crude production fell by 240,000 b/d in February to 30.68 million b/d, its lowest level in 4 years. February numbers show a significant over compliance, with Saudi Arabia leading efforts to implement cuts with a 153% compliance rate, some 170,000 b/d already below their overall target. Iraq and Saudi Arabia alone contributed 170,000 b/d in additional cuts between them in February alone. However, having already cut production close to their original 2019 target, they may now be missing the opportunity to capture market share in the face of rising demand.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
06 November 2017
This is the highest global oil demand ever but it's also a large and growing fleet. What the tanker market needs most right now is more tankers engaged in floating storage facility.
06 September 2017
The Philippine government has decided to tighten security regarding entry of certain nationalities into the Philippines.
01 February 2017
01 July 2016