BIMCO Search Results

Baltic Dry Index slides as iron ore shipments kick off 2023 with 13.1% drop

25 January 2023

Despite hopes that a quick economic recovery in China would boost iron ore demand, 2023 has so far been a disappointment for the dry bulk shipping sector. During the first three weeks of the year, iron ore shipments fell 13.1% y/y, the lowest volume since at least 2019, worsening conditions for capesizes. In this period, the Baltic Dry Index (BDI) declined by almost 500 points to 763 on 20 January, its lowest point since June 2020.

Global container volumes fall 9.3% y/y as historic growth cycle ends

07 December 2022

From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges and historically high liner operator financial results which have been the norm since. In September 2022, however, container volumes dropped below volumes recorded in the same month in 2019 for the first time since mid-2020 and statistics just released by Container Trade Statistics have confirmed the trend.

2.5m tonnes of US soya beans exported in containers in four months

09 February 2021

The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.

Argentina’s wheat export quota cut by 31% for 2022/23 marketing year

16 June 2022

President Alberto Fernández recently pledged that Argentina would seize the opportunity to help meet global wheat demand while taking advantage of the high prices following Russia’s invasion of Ukraine. A poor harvest, however, could change the picture.

Charterers to provide

02 June 2016

Escrow agreements ready for first review

21 February 2017

Two new contracts will be presented for review at the next Documentary Committee meeting on 6 June 2017 in Rome.

Brazil’s 2023 maize exports could rise 8%, benefitting shipping

10 May 2023

Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine, and benefit panamax and supramax ships.

Secondhand container ship deals jump over 100% in H1 2021

01 July 2021

During the first half of 2021, a total of 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: Vessels Value).

EU retail sales volumes fall 1.3%, indicating further weakening of container imports

04 August 2022

Retail sales are a key driver of European container imports. In early 2020 and early 2021, retail sales volumes in the EU and the UK suffered setbacks due to COVID restrictions but recently, high inflation and historically low consumer confidence have been the main concerns.

Iron ore spot freight rates spike 163% to lift Capesize earnings

29 September 2021

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.