BIMCO Search Results

Container fleet growth up 11.6% from June 2019, catching up with transport demand

18 August 2022

Initially, the COVID-19 pandemic and mobility restrictions across the world led to much lower transport demand in the container sector. In the 3rd quarter of 2020, however, demand jumped as consumers converted spending on services to higher spending on goods. Freight and time charter rates have since reached historically high levels as congestion has increased the strain on supply. Now, the size of the container fleet has, however, caught up with transport demand.

China’s seaborne import of Russian crude jumps 51.4% in May

30 June 2022

China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes.

What are Customs Co-operation Agreements (CCAs)?

17 October 2013

For the benefit of its members, BIMCO has made a series of agreements with 15 national customs authorities (Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Sweden, the United Kingdom and the United States)- Customs Co-operation Agreements (CCAs)- as a means of mitigating delays and costs resulting from the discovery of drugs aboard a member vessel.

Latest news on BIMCO's contracts and clauses

23 June 2016

Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.

US West Coast laden container exports fall to 327,417 TEU

09 September 2021

Exports from the major US west coast container ports took another hit in July, falling to their lowest level since at least 2010, the earliest BIMCO has data for.

Second-hand bulk market heading for record year as 279 ships trade hands so far

25 March 2021

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

China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd

12 October 2023

During the first three quarters of 2023, China has continued expanding its crude inventories by an estimated 0.7 million barrels per day (mbpd). These increased inventories could allow China to maintain strong exports of refined products even if crude oil imports are lowered.

San Pedro Bay ports struggle to keep up as record-breaking 1.9m TEU handled in May

16 June 2021

The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again.

US appetite for Far East imports to face test as February retail sales fall 0.5%

17 March 2022

During the pandemic retail sales and personal savings have been increasing in tandem and supported US consumer demand for imports from the Far East. Now, retail sales appear to be receding and the question is whether the past two years’ savings will be enough to support continued high import volumes as consumer sentiment is dropping and the war in Ukraine continues.

Airline capacity 37% lower than 2019, curbing demand for jet fuel

19 May 2022

In 2019, prior to the onset of the COVID-19 pandemic, jet fuel contributed an estimated 8% of oil products’ cargo demand. When travel restrictions were imposed during the pandemic, air travel suffered significantly and jet fuel shipments in 2021 were down approximately 33% compared to 2019. Airlines’ capacity has been on a slow recovery path since bottoming out in April 2020 but remains significantly lower than 2019 levels.