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BIMCO: Red Sea, Gulf of Aden Cargo Down 21%

Cargo volumes to and from ports in the Gulf of Aden and Red Sea during the first seven months of 2024 declined 21 percent compared to the year-earlier period, according to BIMCO the international association for shipowners.“The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis,” said Niels Rasmussen, chief shipping ... [+]

BIMCO Works on Wind Turbine Contract

BIMCO, one of the largest international shipping association for shipowners, has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines.The project aims to support the offshore wind industry as global demand for renewable sources of energy increases.Work on the contract, ... [+]

BIMCO Sees Steady Dry Bulk Market

BIMCO expects the dry bulk market to remain steady through 2025, according to the shipping association’s January Dry Bulk Shipping Market Overview and Outlook.The dry bulk market will look much like 2023 in each of the next two years, BIMCO said. Supply is expected to grow 1 percent to 2 ... [+]

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