bimco
Imports of clean petroleum products into West Africa fell 44 percent year over year during April and May, reducing tanker demand and cutting the region’s share of global clean petroleum product tonne miles from 5.3 percent to 3.6 percent, according to BIMCO.
The shipping association said imports declined to 642,000 barrels per day from 1.14 million barrels per day during the same period in 2025. LR1 and LR2 product tankers experienced ...
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BIMCO has adopted a new Biofuel Clause for Time Charter Parties aimed at addressing legal, technical and operational issues associated with the growing use of low-carbon fuels in shipping.
The clause establishes a contractual framework governing the supply and use of biofuels under time charter agreements, including fuel specifications aligned with ...
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Dirty tanker exports from the Americas reached a record 14.5 million barrels per day in May, according to BIMCO, as oil producers in the Western Hemisphere moved to offset supply disruptions caused by the closure of the Strait of Hormuz.
The May total surpassed the previous record of 13.8 million barrels ...
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Ship traffic through the Panama Canal has risen sharply this year as disruptions tied to the Iran war and reduced transits through the Strait of Hormuz redirect global energy flows, according to BIMCO.
Average daily canal transits increased 8 percent year-over-year to 38 vessels so far in 2026, driven largely by ...
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Coal shipments to Japan, South Korea and the EU jumped 27 percent year over year in April as buyers turned to coal to offset tightening LNG supply following disruption in the Strait of Hormuz, according to the BIMCO.
The increase comes despite what is normally a seasonal slowdown in coal demand ...
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BIMCO has released a new standardized time charter party for the transport of liquefied carbon dioxide, targeting a fast-developing market linked to carbon capture and storage projects.
The contract, CO2TIME 2026, was adopted by BIMCO’s Documentary Committee and is the first charter party designed specifically for liquefied CO2 carriage, addressing growing ...
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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 ...
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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 ...
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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 ...
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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 ...
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