Bunker fuel traders in China say the use of mass flow meters at local ports is increasing amid growing expectations their usage will become mandatory in the near future.
The Institute of Chartered Shipbrokers (the Institute) and BIMCO are pleased to announce the start of a new venture combining BIMCO’s state of the art eLearning courses and the Institute’s global engagement with students.
BIMCO is very pleased to announce that its Singapore team has finally arrived in Singapore ready to spearhead BIMCO’s presence and activities further in Asia.
Since July 2020, the container market has benefitted from a surge in consumption of goods compared to pre-COVID levels, and head-haul and regional trade volumes have followed. Compared to the same period of 2019, container volumes in the second half of 2020 were up 5.7% while full year 2021 volumes were 9.0% higher. Volumes in the first half of 2022 were up 8.3%, also compared with H1 2019. Despite a growing fleet, capacity supply was unable to keep up as port congestion absorbed as much as 14% of the fleet, data from Sea-Intelligence shows.
The demand situation is developing a tad slower than what the market had anticipated. After the expected dip around Chinese New Year (February), volumes have failed to pick up markedly.
BIMCO has hired Gudrun Janssens as Manager, Intergovernmental Engagement, at its new office in Brussels, as the organisation seeks to be closer to the EU decision-making process and continue to expand its global reach.
BIMCO will open an office in Athens in the early summer of 2019. The objective is to have a stronger and closer dialogue with BIMCO’s Greek membership and to recruit more Greek members. The Greek shipowners are already the biggest group of BIMCO members measured by fleet size.