bimco
Global ship recycling could double to 16,000 ships, totaling more than 700 million deadweight tonnes over the next 10 years, said Niels Rasmussen, chief shipping analyst at BIMCO.
The Danish international shipping association for shipowners updated its estimate following the entry into force of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, or Hong Kong Convention.
The 16,000-vessel estimate, up from 15,000 ships previously, is double ...
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BIMCO, the world’s largest shipping association, elected Fednav President and CEO Paul Pathy as the organization’s 47th president at its May 14 general meeting in Copenhagen.
Pathy, also the first BIMCO president from the Americas, succeeds Nikolaus H. Schües who is finishing his two-year term and will serve two more years ...
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Dry bulk’s supply/demand balance will weaken in 2025 and 2026 due to the U.S.-China tariff tit-for-tats, according to international shipping association BIMCO.
Tariff increases are expected to directly affect 4 percent of dry bulk tonne-mile demand, as shipments to the U.S. may stagnate or decrease. China, on the contrary, is ...
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Six industry associations, supported by more than 40 maritime stakeholders, have released a consolidated and enhanced publication: Best Management Practices (BMP) for Maritime Security (MS).
The industry organizations are BIMCO; International Chamber of Shipping, or ICS; International Marine Contractors Association or IMCA; the International Association of Dry Cargo Shipowners, or INTERCARGO; ...
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Global iron ore shipments fell 7 percent year over year, during the first seven weeks of 2025, amid supply disruptions and weak Chinese import demand, international shipping association BIMCO said.Australian cargoes have fared the worst, down 10 percent year over year, while shipments from Brazil weakened percent. Comparatively stronger Brazilian ...
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The shipping industry and the international community must help put an end to a rise in unjust treatment and criminalization of its seafarers, said the chairs of the world’s largest shipping industry organizations.The Round Table of International Shipping Associations – which consists of BIMCO, the International Chamber of Shipping (ICS), ...
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Crude oil tanker deliveries plunged 74 percent to a 36-year low in 2024, said Niels Rasmussen, chief shipping analyst at BIMCO.Only 17 new tankers with 2.5 million deadweight tons of capacity joined the fleet in 2024. Recycling of crude tankers increased only 0.2 percent to 1.7 million dwt in 2024, ...
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Fleet expansion remains a concern for the container shipping market in 2025 and beyond, said BIMCO, in its latest Container Shipping Market Overview and Outlook.
The international shipping association, which represents 62 percent of the world’s tonnage, saw the supply/demand balance tighten in 2024, as 90 percent of the capacity ...
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The global container ship order book reached a record 8.3 million 20-foot equivalent units, or TEUs, compared with the previous high of 7.8 million TEUs in early 2023, said Niels Rasmussen, chief shipping analyst at BIMCO.As 4.4 million TEUs were contracted during 2024 – the second highest ever – the ...
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Russia could continue to see declining seaborne dry bulk exports through the first half of 2025, due to coal price competitiveness and a fall in wheat volumes, according to a BIMCO shipping analyst.Through November, Russia has seen dry bulk exports decline 5 percent year over year, driven by a 10 ...
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