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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Study: Delay of Sulphur Cap Law Would Endanger 200K Lives

The implementation of a global low-sulphur fuel law for ships in 2020 would prevent 200,000 premature deaths ...

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BIMCO: IMO Study on Low Sulphur Fuel Availability 'Flawed'

International shipping association BIMCO has raised concerns over data on available fuel ahead of Marine ...

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BIMCO: UK Seaborne Coal Import Down by 64 Pct

The main exporters of thermal coal for coal-fired power plants to the United Kingdom have experienced a heavy ...

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BIMCO: Dry Bulk Crisis Could Lead to Major Changes

The current crisis in the dry bulk shipping sector could have a wider impact with effects on other major sectors of ...

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BIMCO: Lowest Level of Newbuilding Contracts in 20 Years

Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as ...

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Carriers Still Under Pressure Due to Boxshsip Overcapacity

Severe overcapacity in the container shipping market and recently agreed contract rates on the transpacific trade ...

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BIMCO: Strong Tanker Freight Market Comes to an End

Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker ...

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Dry Bulk Freight Rates Still Low Despite Demand Growth

The first half of 2016 has revealed that the dry bulk market is nowhere near balanced as there was a strong demand ...

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