Shipping a Moving Target for Cyber Threats

Lars Lange, IUMI Secretary-General, speaks of numerous challenges related to cyber risk insurance

Tanker Rate Hike from Hurricane Aftermath Short-Lived

The spike in freight rates for product tankers in the aftermath of the Hurricane Harvey is expected to be ...

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Toxic Cocktail Could Disrupt Low Boxship Ordering

Hungry shipyards and shipping companies being eager to be top dog is a toxic cocktail which, combined with ...

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Tanker Fleet's DWT Growth on Course for Six-Year High

Over the past four months owners have been busy ordering new tankers, keeping the crude oil tanker fleet expansion ...

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Dry Bulk Order Book Hits 13-Year Low, but for How Long?

The current order book for bulk carriers stands at 60.4 million DWT, which is the lowest in 13 years, based on the ...

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More US Coal Exports to Aid Dry Bulk Market

US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in ...

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BIMCO, Shipdex Team Up on Data Digitalization

Shipowners association BIMCO and Shipdex have signed an agreement to support the development and exchange of ...

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Maritime Industry Guidelines on Cyber Security Released

A joint maritime industry group comprised of industry bodies has issued the second edition of The Guidelines on ...

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Demolition: Time to Take The Bitter Pill

Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated ...

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BIMCO: Ordering Activity Ramps Up in H1

The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 ...

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New Contracts to Help Speed Up Spill Response Times

BIMCO and International Spill Control Organisation (ISCO) have launched two new spill response contracts to make ...

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BIMCO: No Reason to Sell Old Converted VLOCs

Although there is a huge age gap between converted and normal very large ore carriers (VLOCs), there are not many ...

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New BIMCO President Heads for Digitalisation

The international shipping association BIMCO has elected a new president, who has set a goal to promote ...

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Increased Crude Oil Tanker Demolition a Positive Sign

A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of ...

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Sharp Decline in Idling Boxships

As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s ...

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BIMCO: Dry Bulk Recovery A False Dawn

Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point ...

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BIMCO: Tanker Freight Rates Continue Dropping

Oil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued ...

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Megaships: Will They Live Up to the Promise?

There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The ...

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China's Iron Ore Import to Boost Dry Bulk Market

Alongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand ...

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BIMCO: Dry Bulk Industry's Road to Profitability

The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet ...

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BIMCO: Dry Bulk Fleet Tops 800 Mn dwt

Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in ...

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BIMCO: January Tanker Deliveries at a Record High

Crude oil tanker deliveries reached a record high in January as 5.5 million dwt of the capacity entered the fleet ...

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