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Bulker Supply to Outpace Demand, BIMCO

The dry bulk shipping market is expected to weaken in 2027 as accelerating vessel deliveries outpace demand growth under either of BIMCO’s two Strait of Hormuz scenarios. BIMCO forecasts the dry bulk fleet growing 4 percent in both 2027 and 2028, driven largely by increased capesize deliveries. Cargo growth is expected to remain limited, while coal shipments begin declining. If the Strait of Hormuz remains effectively closed, BIMCO forecasts ship demand growing ... [+]

China Widens Shipbuilding Lead, BIMCO Says

China’s shipyards captured nearly three-quarters of global vessel contracting during the year ended Sept. 1, further extending the country’s lead while raising questions about whether expanded building capacity can remain fully employed. The global shipyard order book reached an estimated 203.2 million compensated gross tons, or CGT, on Sept. 1, an ... [+]

Suez Return Could Pressure Charter Markets

The container shipping industry’s return to the Suez Canal could weaken time-charter markets and eventually place additional pressure on freight rates as carriers absorb capacity released from longer Cape of Good Hope routings, BIMCO Chief Shipping Analyst Niels Rasmussen said. Container ship capacity transiting the canal averaged 753,000 TEUs per week ... [+]

BIMCO Tags Ship-efficiency Retrofit Barriers

BIMCO has adopted a contractual framework intended to make it easier for shipowners and charterers to agree on investments in energy-saving equipment during a time charter. The Energy Saving Device Retrofit Addendum 2026 provides a mechanism for allocating the cost, installation time and fuel-saving benefits associated with retrofit projects. BIMCO said ... [+]

BIMCO Adopts Contract Framework for Retrofits

BIMCO has adopted a new contractual framework designed to encourage investment in energy-saving technologies by addressing how shipowners and charterers share the costs and benefits of vessel retrofits. The Energy Saving Device Retrofit Addendum 2026 provides a mechanism for negotiating the allocation of equipment and installation costs, vessel downtime and fuel ... [+]

US-China Dry Bulk Shipments Double, BIMCO

U.S. dry bulk shipments to China more than doubled during the first nine months of 2026 as grain volumes recovered from last year's trade-related decline, according to BIMCO. Shipments increased 104 percent year over year during the first three quarters, led by a 176 percent increase in grain cargoes, BIMCO Shipping ... [+]

Box Fleet Growth to Outpace Demand, BIMCO

Container shipping is heading toward renewed supply pressure in 2027 as accelerating vessel deliveries outpace demand growth, with a return to normal Suez Canal routings potentially adding substantially more effective capacity, according to BIMCO. The container ship order book has climbed above 14 million TEU, equal to 42 percent of the ... [+]

Panama Canal Bulker Transits Fall 22%

Panama Canal bulker transits have fallen 22 percent year over year since the beginning of July as lower water levels and increased competition for transit slots push more dry bulk vessels toward longer alternative routes, according to BIMCO. Tankers have added to competition for canal capacity as U.S. energy exports to ... [+]

Export Disruptions Weigh on Tanker Demand

Tanker demand is weakening as disruptions to oil exports from the Persian Gulf, Red Sea and Russia reduce seaborne cargo volumes, according to BIMCO's August Tanker Shipping Market Overview and Outlook. BIMCO forecasts crude tanker demand will fall 10.5 percent to 12.5 percent in 2026 if conditions in the Strait of ... [+]

Grain Shipments Fall on Black Sea Disruptions

Grain exports from the region fell 26 percent over five weeks as attacks on ships and port infrastructure intensified, according to BIMCO. Global seaborne grain shipments declined 8 percent year over year during the five weeks spanning weeks 29 through 33, driven by a sharp reduction in exports from the Black ... [+]

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