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.
IMO data numbers added to standardised noon report
DUBLIN : The Smart Maritime Council has released Version 1.0 of the Standardised Vessel Dataset (SVD) for Noon Reports, featuring a host of updates and refinements following the completion
Peak in China’s coal demand in sight as renewables jump 12% : BIMCO
LONDON : Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal
Global soya bean exports expected to grow 8% until 2025 : BIMCO
LONDON : “Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger
Container ship deliveries hit new YTD record of 1m TEU : BIMCO
LONDON : “In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025,