Regional container trade imbalances increase 33% : BIMCO
LONDON : “Since 2019, the global container market has grown 8%, ending at 183.2m TEU in 2024 according to Container Trade Statistics. However, growth has been very uneven
Baltic index slips on lower capesize, panamax rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, dragged
Transits through the Panama Canal down 10% : BIMCO
LONDON : “Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there were
BIMCO Dry Bulk Market Report: Return to the Red Sea would weaken market
LONDON : We expect a weaker supply/demand balance in 2025 and 2026 than in 2024, even if ships do not fully return to the Red Sea. In this
Baltic Index at over 1-year low as rates decline across segments
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to
Product Tanker deliveries seen jumping 256% to 16-year high : BIMCO
LONDON : “According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to
Container ship order book hits new record high of 8.3M TEUs
LONDON : At the end of 2024, the container ship order book was 8.3m TEUs, a new record compared with the previous high of 7.8m TEUs in early
BIMCO: Container Shipping Market Overview & Outlook December 2024
LONDON : Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity
Shipping Industry faces one of Its greatest challenges : Drewry
LONDON : The shipping industry is contending with a worldwide shortage of seafarers, and it’s fueling a troubling mix of fake resumes, accidents at sea, and elevated freight
BDI still down 10% despite recovery in capesize demand : BIMCO
LONDON : “The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y.