Showing 71 - 80 of 200
In the wake of the Coronavirus crisis and following a woeful decline in prices & demand during the second quarter of the year, all subcontinent locations have finally started to post increasingly positive returns this week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This BIMCO COVID 19 weekly report for the week ending 19 November covers Libya, Germany and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).
Lockdown restrictions continue across the subcontinent markets for yet another week, as the world battles to bring the Coronavirus crisis under control. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, Indian subcontinent ship recycling markets went into yet another freefall, echoing sentiments across international stock markets, which have also tanked in response to the uncontrollable spread of the coronavirus, which has now been upgraded in status to a global pandemic. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite the fact that tanker earnings have also been feeling increased heat from the coronavirus outbreak, appetite for second-hand candidates remains healthy in the sector, with Buyers focusing on smaller sizes. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
Despite diverging pandemic paths in the world, global growth is forecast to reach 6% this year, according to the International Monetary Fund, following a 3.3% contraction last year. There are, however, still plenty of downside risks, especially as parts of the world are facing their worst coronavirus outbreaks to date and the prospect of a large part of the global population being vaccinated is still a long way off.
Capesize: The Capesize market came to work on Monday, with little expectation, or confidence, that the days ahead were going to bring anything other than fallout from Coronavirus. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
BIMCO has compiled this glossary to clarify and harmonise definitions and terminology in order to ensure that the discussions around climate change and potential solutions for the shipping industry are based on a mutual understanding of what the commonly used terms mean.
The soft volumes of contracting activity being reported in the past days is reaffirming market expectations that owners’ appetite for newbuilding vessels has been slowing down since the beginning of the year in light of poor rate performance and growing uncertainty regarding the coronavirus impact. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
