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Tankers Push Order Book to 17-year High, BIMCO

The global shipping order book reached a 17-year high of 191 million compensated gross tonnes (CGT) by the end of the first quarter of 2026, equal to 17 percent of the global fleet, according to BIMCO. The increase reflects sustained newbuilding activity and a surge in tanker orders, including a record quarter for crude tanker contracting, said Filipe Gouveia, shipping analysis manager at BIMCO. Newbuilding contracting totaled 17.6 million CGT in the ... [+]

China Drives 5% Increase in Iron Ore Shipments

Global iron ore shipments rose 5 percent year over year in the first 12 weeks of 2026, supported by stronger Chinese import demand, even as China’s steel output declined, according to BIMCO. Chinese steel production fell 4 percent year over year in the first two months of the year, leading to ... [+]

BIMCO Urges Stronger Protection for Seafarers

BIMCO has launched a campaign film, Fair Seas, calling on governments to strengthen protections for seafarers, citing rising geopolitical risks and growing concerns over criminalization. The group said around 20,000 seafarers are currently stranded in the Persian Gulf amid heightened security risks and mounting mental strain as conflicts disrupt key shipping ... [+]

Global Container Order Book Tops 11.8M TEUs

The global container ship order book has climbed to a record 11.8 million twenty-foot equivalent units despite falling freight rates and rising trade tensions, according to shipping association BIMCO. The order book now totals more than 1,350 vessels, said Niels Rasmussen, reflecting continued fleet expansion by container shipowners even as market ... [+]

ILO, BIMCO Launch Pilot Insurance Program

The International Labour Organization and shipping association BIMCO have launched a pilot insurance program aimed at improving compensation and protections for workers in Bangladesh’s ship recycling industry. The Employment Injury Scheme will provide financial compensation for workers and their families in cases of permanent injury or death at shipbreaking yards, where ... [+]

Dry Bulk Outlook Stable in ’26, Weaker in ’27

The global dry bulk shipping market is expected to remain broadly balanced in 2026 before weakening in 2027, according to new analysis from BIMCO, as fleet growth begins to outpace demand despite improving economic conditions. BIMCO revised its 2026 dry bulk demand forecast higher by 0.5 percentage points, citing a stronger ... [+]

Suez Transits Remain Down Despite No Attacks

Though Houthis rebels declared an end to their attacks on ships transiting the Suez Canal on Nov. 18, traffic has not significantly increased, said Niels Rasmussen, chief shipping analyst at BIMCO. Traffic for the first week of 2026 tracked 60 percent below the corresponding week in 2023, when ships began diverting ... [+]

Bulker Building Contracts Drop to 5-year Low

Through November the capacity of bulker newbuilding contract fell 54 percent year-over-year to 25 million deadweight tons, its lowest level since 2020, said BIMCO, the Danish shipping association. The result is the dry bulk orderbook 4 percent lower than a year ago, and accounting for 11 percent of the dry bulk ... [+]

BIMCO, Hunit Launch Standard Contracts Pilot

BIMCO and self-performing contract platform provider Hunit have launched a joint pilot project that aims to reduce risks, cut manual workloads and modernize the maritime industry’s work with standard contracts, the Danish shipping association said. The pilot project will address rising operational demands driven by sanctions regimes, increasing safety and emissions ... [+]

China to Resume US Soya Bean Imports, BIMCO

Following U.S.-China trade negotiations, China has committed to resume imports of U.S. soya beans and will purchase 12 million tonnes during the rest of 2025 and 25 million tonnes per year during the next three years, like 2024 volumes. If these commitments are met, U.S. soya bean shipments are expected ... [+]

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