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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Supply-Side Crucial for Boxship Market Recovery

The demand for container shipping grew steadily in 2016 improving the fundamental balance in the market in the ...

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Carriers on SCFI Routes Earn 7 Pct Less in 2016

Due to the devastating low rates in the first half of 2016, container shipping lines earned an average of 7% less, ...

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BIMCO: Shipping Industry Faces Choppy Waters

The shipping industry has its work cut out going forward in 2017 as the period will see another year of die-hard ...

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BIMCO: Fleet Growth Squeezes Crude Oil Tanker Market

The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, ...

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BIMCO Greenlights Ship Financing Term Sheet

International shipping association BIMCO’s Documentary Committee approved a standard term sheet for use in ...

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Coal Shippers Not Cashing In on Import Surge in China

Dry bulk shipowners are not feeling the positive impacts of a surge in China’s coal imports due to a change ...

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Boxship Demolition Reaches All Time High

The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive ...

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BIMCO: Dry Bulk Market Still in Terrible Condition

Despite better demand side conditions on the “road to recovery” for the dry bulk shipping industry, the ...

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BIMCO: Demolition Activity Rising Again

Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of ...

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