BIMCO relaunches ship benchmarking system Shipping KPI after two years of redesign. The system helps shipowners and managers make strategic decisions about their fleet.
The first quarter of any year always represents a challenge for the shipping industry, with fewer cargoes being tendered and Chinese New Year in February creating recurring business issues.
Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018.
Santander was rated first in all four major categories: terminal handling of loading/unloading; information exchange between the ship and the terminal and terminal equipment.
In response to the threats arising from the conflict in Yemen, BIMCO, ICS and INTERTANKO have published interim guidance on maritime security in the southern Red Sea and Bab al-Mandeb.
Environmental organizations and the global shipping industry have joined in calling for an explicit prohibition on the carriage of non-compliant marine fuels when the global 0.5% sulphur cap takes effect.
Economic growth has accelerated in Europe, Asia and the Americas since mid-2016, and the IMF now expects the global GDP growth rate to raise slightly in 2018 to reach 3.7%, up from 3.6% in 2017.
It looks like 2018 will be a year that shipowners should take advantage of, as the dry bulk fleet is likely to grow at the slowest pace seen since 1999.
BIMCO and CIRM have sent the industry’s first proposal for an industry-wide standard for software maintenance to the IMO for consideration.
Volumes on all trades grew at healthy levels in line with our full year forecast for global container demand growth rate being at the same level as global GDP growth.
For the demand side to reap the full benefits of this possible global upturn, globalisation must be embraced and the gains from open trade must be a key focus of the policymaker’s agenda.
This is the highest global oil demand ever but it’s also a large and growing fleet. What the tanker market needs most right now is more tankers engaged in floating storage facility.
BIMCO’s new Shipmaster’s Ballast Water Manual provides clear, accessible information for seafarers dealing with practicalities of daily ballast water management.
BIMCO has launched the first of a range of updated eLearning courses tailored to meet shipping professionals’ needs, using the very latest content authoring technology and platform.
BIMCO and Shipdex have signed an agreement to support the development and exchange of technical and logistic data across the shipping community.
The latest practical advice has been compiled by the joint industry group, which is led by BIMCO and includes OCIMF and IUMI, CLIA, ICS, INTERCARGO and INTERTANKO.
North P&I Club has joined a collaboration between shipping industry leaders, including BIMCO, DNV GL and the Marshall Islands Registry, to combat cyber criminals.
There are few acute purely economic incentives to demolish VLOC’s converted from VLCC’s, as they have secured freight rates and employment on long-term time charter contracts.
Anastasios Papagiannopoulos, has been elected President of BIMCO and he has set three clear themes for his two-year presidential term.
Check Before Fixing is an indispensable tool used across the industry for daily chartering and shipping transactions.
BIMCO’s Chief Shipping Analyst says “January struck an upbeat tone for demolition in all sectors, but the overall pace of fleet renewal, has slowed down since then.”
BIMCO, ICS and MPA Singapore launched a new cyber security awareness poster at Singapore Maritime Week 2017.
After BDI had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates.
Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity.