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Record High Seaborne US Crude Oil Exports in June 2019

Tanker

Total seaborne U.S. crude oil exports increase to a record high at 11.9 million tonnes in June 2019.

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BIMCO: Tanker Freight Rates Surge after Hormuz Attacks

Front Altair after attack in Strait of Hormuz

Crude oil tanker freight rates from the Arabian Gulf to China doubled on the back of the recent tanker attacks.

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BIMCO, ASBA to Form Gas Tanker Charter Party

LPG vessel

BIMCO, ASBA to develop a charter party for chartering tankers for LPG, anhydrous ammonia and chemical gases.

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BIMCO Elects Its First Female President

Sadan Kaptanoglu, new BIMCO President

BIMCO elected Şadan Kaptanoğlu, managing director of HI Kaptanoglu Shipping, as new President on May 14.

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Rising Capesize Deliveries Imperil Fragile Market Balance

Bulker

Despite increase in demolition volumes, the market for large dry bulk ships is likely to face continued pressure.

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Capesize Ships in Pain as Chinese Iron Ore Imports Drop

Bulker

BIMCO: Dry bulk shipping industry is feeling the impact of a continuing decrease in Chinese iron ore imports.

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BIMCO: US Seaborne Crude Oil Exports at Record High

Tanker

BIMCO: US exports of crude oil reached record high in January, as tonne mile demand dropped.

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BIMCO: EU Ship Recycling Rules Disadvantage European Owners

ship recycling

Only 9 out of 26 shipyards on the EU list of approved recycling facilities are open for ship recycling, BIMCO said.

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Not Recovering IMO 2020 Costs May Lead to Bankruptcies

container shipping industry

A failure to recover the extra fuel costs in full may result in bankruptcies in the container shipping.

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BIMCO Calls for IMO GHG Study Based on Realistic GDP Growth

Shipping

BIMCO called for the 4th IMO Greenhouse Gas Study based on realistic economic growth.

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BIMCO: Poland's Szczecin Best Performing Port

Szczecin Port

The best performing port in BIMCO’s Dry Bulk Terminals Vetting Report 2018 is Szczecin in Poland.

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BIMCO: Tariffs Affect 27.4 Mn Tonnes of US Imports

Containership

BIMCO: The impact of the trade war between US and China is beginning to show its colours.

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BIMCO: EU, China, US Need to Support Counter-Piracy in GoG

Counter-piracy efforts

BIMCO: Maritime powers need to expand their collaboration with local states to curb piracy in Gulf of Guinea.

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BIMCO: Dry Bulk Demolition Takes a Nosedive in 2018

Bulker

BIMCO: Dry bulk demolition plunged by 71.6% in 2018 driven by an almost total halt in Panamax demolition.

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BIMCO: Global Shipping on the Lookout for Future Growth

Shipping

BIMCO: Economic growth from emerging, developing countries could spur shipping demand in the next five years.

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Three Key Ship Types to Watch in 2019

ships

There are three major ship types to keep a close eye on in 2019.

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BIMCO Unveils Two 2020 Sulphur Clauses

BIMCO

BIMCO has published two sulphur content related bunker clauses.

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Trade War Has Taken Its Toll on US Soya Bean Exports

Peter Sand

U.S. soya bean exports marked a 43 percent drop year-on-year during the first twelve weeks of the 2018/19 marketing year.

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BIMCO to Complete Cyber Security Clause in May 2019

BIMCO

BIMCO is developing a cyber security clause in cooperation with shipping companies Klaveness and Navig8.

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Tanker Recovery: Winter Is Coming (Early)?

tanker

Multiple factors contributing to tanker recovery, but sustainable recovery is yet to materialize.

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South Korea Largest Long-Distance Importer of US Crude Oil

Tanker

US crude oil exports to China drop to zero for the second month in a row.

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