Advice for BIMCO members in relation to proposed US trade action
LONDON : On 21 February, The Office of the United States Trade Representative (USTR) announced it was inviting comments from the public in respect of its “Section 301 Investigation of China’s Targeting of the
Baltic Index extends gains to over One-Month High on Strong Vessel Rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for an eighth straight session to hit a more-than-one-month high on Monday, supported
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 and regional imbalances between exports and
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 down by weaker rates across capezise
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 no transit restrictions during this period,
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 report, we are working with two
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 an over one-year low as rates
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 the 3.4m DWT delivered in 2024.
