BIMCO launches Ship Recycling Alliance to help fuel change
LONDON : BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of ships. The alliance will co-ordinate the voices of the ship recycling industry and the shipping industry
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 TEU have been delivered, surpassing the
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 since November 2023 and they could
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 barrels per day (mbpd). At the
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 for third-party ship managers to deliver
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 ships and help the industry implement
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 drop in a year not affected
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 to grow three times faster than