bimco
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 dismantling vessels is considered one of the most hazardous industrial jobs.
Bangladesh is the world’s largest ship recycling nation, handling a ...
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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 ...
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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 ...
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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 ...
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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 ...
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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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Coal shipments are forecast to decline 4.9 percent between 2025 and 2027, as demand is falling as electricity generation from renewable sources continues to expand, particularly in China, Europe and India, said BIMCO, the Danish shipping association.
Furthermore, the global steel demand outlook is weak, contributing to limited demand for iron ...
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Container ship owners and operators are extending a pattern of low recycling activity since 2021, as BIMCO estimates a recycling overhang of at least 500 vessels and 1.8 million twenty-foot equivalent units, or TEUS.
“So far this year, only 10 container ships have been recycled, said Niels Rasmussen, chief shipping analyst ...
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BIMCO said it has adopted a Methanol Annex to its Bunker Terms 2018, the latest addition to the Danish international shipping association’s portfolio of contracts and clauses that support the maritime industry’s transition towards alternative fuels and decarbonization.
The annex, adopted by BIMCO’s documentary committee, provides definitions to reflect ongoing developments ...
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Dutch International shipping association BIMCO increased its ship demand growth forecast for 2025 to 4.5 percent to 5.5 percent while maintaining it at 2.5. percent to 3.5 percent for 2026 on the strength of demand in non-U.S.-bound demand.
“We now expect a balanced supply/demand development in 2026 while expecting average market ...
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