Oil production and Chinese buying boost Brazil’s crude tanker exports 19%
LONDON : “The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russia’s exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas’ share of exports.
BIMCO starts work on contract for growing wind turbine market
LONDON : BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry
Shipping Number of the Week : Container market grows a modest 0.2% y/y in 2023 as the fleet swells
LONDON : “In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall
WSC, BIMCO and ICS issue joint statement on joint international statement on Red Sea attacks
LONDON : The World Shipping Council, the International Chamber of Shipping and BIMCO expressed their thanks to the 12 nations that have jointly condemned the ongoing illegal attacks on ships in the Red Sea
Dry bulk watches Evergrande liquidation after 16.5% drop in real estate investment : BIMCO
LONDON : “China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials like iron ore, coking coal, wood,
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 million DWT (27 product tankers) recycled
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 was delivered. The 2023 record is
ClassNK releases new features for GHG Emissions Management Tool “ClassNK ZETA” – supporting preparation for EU-ETS and BIMCO CII Clause
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 CII ratings of ships and is