Product tanker recycling drops 82% year-on-year to lowest on record
LONDON : “In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5
Record deliveries could push container fleet above 30 million TEU in 2024
LONDON : “In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU
ClassNK releases new features for GHG Emissions Management Tool “ClassNK ZETA” –
TOKYO : ClassNK has released new features for its GHG Emissions Management Tool, “ClassNK ZETA (Zero Emission Transition Accelerator)”. ClassNK ZETA is a tool for visualizing GHG emissions and
Stinne Taiger Ivø appointed Deputy Secretary General at BIMCO
LONDON : BIMCO’s Director of Contracts & Support, Stinne Taiger Ivø, has been appointed Deputy Secretary General at BIMCO from 1 January 2024. Ivø joined BIMCO in early
Future International Trade (FIT) Alliance: 2023 in review
AMSTERDAM : This year, the Future International Trade (FIT) Alliance has been busy in its continued pursuit of the digitalisation of international trade. From a far-reaching declaration with more than 100 signatories, to
BIMCO calls for immediate end to attacks on international shipping
LONDON : One month ago, a series of unprovoked attacks on merchant ships began in the Southern Red Sea, Bab El-Mandeb, Gulf of Aden and the Arabian Sea.
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and
BIMCO: Containerships hit their highest average age to date
COPENHAGEN : Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping
BIMCO adopts new CII clause for Voyage Charter Parties
LONDON : The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the
Nikolaus H. Schües elected BIMCO President
LONDON : BIMCO, the world’s largest shipping association, has elected Nikolaus H. Schües, CEO and owner of Reederei F. Laeisz, as President at the organisation’s general meeting in Hong Kong on