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SHIP PI

15 May 2024

BIMCO SHIP PI is a global shipping industry tool for defining, measuring and reporting information on ship performance.

Container ship deliveries hit new YTD record of 1m TEU

08 May 2024

In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year, an increase of nearly 80% compared to the previous record.

Capesize order book slips to 5% of fleet as contracting falls

18 October 2023

At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a young fleet are keeping the order book small.

Standard term sheet and new agency agreement top Documentary Committee agenda

24 November 2016

The Documentary Committee, under the chairmanship of Mr Francis Sarre, met in Copenhagen on 17 November in Copenhagen for its regular autumn meeting. Following two years’ intensive work involving owners, lawyers and financial institutions, a new Standard Term Sheet for Bilateral Financing was adopted.