Coal shipments to India jump 10%, but growth could slow : BIMCO
LONDON : “Between January and August 2024, coal shipments to India rose 10% y/y, outpacing an 8% y/y increase in domestic coal mining. Thermal coal shipments were a
Product tanker contracting hits 18-year high after 17% rise year on year
LONDON : “During the first seven months of this year, 194 product tankers larger than 10k deadweight tonnes (DWT) have been contracted with a combined capacity of 13.3m
US grain exports seen rising 12%, but sailing distances could shorten : BIMCO
LONDON : “In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months
India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks
India now depends on Russia for 40% of its crude oil imports : BIMCO
LONDON : “During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6
Container ship fleet expands by 11%, fastest growth in 15 years : BIMCO
LONDON : “Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6m TEU. Compared to one year ago, the capacity has
Dry bulk newbuild contracting fell 34.2%, despite a strong market : BIMCO
LONDON : “During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices
Newbuilding prices climb 3% to highest level in 16 years : BIMCO
LONDON : “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020
Charter owners’ share of fleet has fallen to 40%, lowest since 2002 : BIMCO
LONDON : The charter owners’ container fleet has grown at an average annual rate of 3.2% for the past twelve years and currently stands at 11.7m TEU. The
Dry bulk sailing distances jump 31% for routes using the Panama Canal : BIMCO
LONDON : “The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74% y/y between January and April 2024.