Container ship deliveries hit new record of 2.5 million TEU : BIMCO
LONDON : Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m
Attacks on ships in Ukraine threaten 1% of dry bulk market : BIMCO
LONDON : “Since September 2024, five merchant ships have been hit by Russian missiles while in Ukrainian ports or waters. These were the first attacks on merchant ships
Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels
LONDON : During the first nine months of 2024, seaborne shipments of jet fuel increased 11% over 2023. Shipments were equivalent to 461 million barrels or 1.7 million
BIMCO approves first management agreement for autonomous ships
LONDON : BIMCO’s Documentary Committee has adopted the AUTOSHIPMAN agreement in response to a growing number of remotely controlled ships. The AUTOSHIPMAN agreement provides a standard contractual foundation
BIMCO and ICS issue guide to help maritime industry reduce underwater noise
LONDON : BIMCO and the International Chamber of Shipping (ICS) have developed a guide which aims to help the shipping industry understand and reduce underwater radiated noise from
Container spot rates drop 43% in Q3, worst development in non-COVID year
LONDON : “The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3
Container Shipping Market Overview & Outlook September 2024
LONDON : The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. As a result, ship demand is forecast
Strong Dry Bulk market fuels 42% drop in ship recycling
LONDON : “Between January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high
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