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Coronavirus Comes at the Worst Time for Shipping

The outbreak of the coronavirus comes at one of the worst time for the shipping industry.

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Sand: When China Sneezes, We All Catch the Flu

Chinese flag

The outbreak of the novel coronavirus has dented market sentiment.

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China's Oil Thirst Drives Brazilian Exports to All-Time High

tanker

Brazilian crude oil exports hit a record high in December 2019 as China continues to turn to Brazil.

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US-China Deal: What Will It Mean for Tanker Shipping?

Tanker

Sand: The deal will deliver both trade creation and trade diversion.

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BIMCO Names New Secretary General & CEO

David Loosley

BIMCO has appointed David Loosley as its new Secretary-General & CEO with effect from June 2020.

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What Does 2020 Have in Store for Shipping?

Peter Sand

Sand: One of the most worrying trends that has developed recently is the falling trade-to-GDP ratio.

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Market Uncertainty Causes More Fuel Oil Price Volatility

The uncertainty of the upcoming IMO 2020 sulphur cap regulation is having a big impact on the bunker market.

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Tanker Deliveries Rise as Demolitions Drop to Decade-Lows

Tanker

Delivered tonnage of crude oil tankers grew by 37%, while total demolitions dropped to the lowest in a decade.

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Shipping Industry Dented by Soybean Trade Developments

Bulker

Combined soybean exports from Brazil and the U.S. are down 7.8% in the first eight months of this year.

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BIMCO Proposes New Regulations in Fight Against Emissions

BIMCO

The proposed solution is more "enforceable" than slow steaming.

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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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