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Bımco News

Contentious MEPC 75 kicks offContentious MEPC 75 kicks offTopping the debate will be the short term measures to cut shipping’s carbon footprint. At last month’s intersessional a plan was agreed upon to reduce the carbon intensity of shipping by 40% compared with 2008 levels in the next 10 years.16 November 2020 Monday 12:24
BIMCO: 500 days since last VLCC was sold to scrapyardBIMCO: 500 days since last VLCC was sold to scrapyardOn 2 November 2020, it will be 500 days since the last very large crude carrier (VLCC) left active service when it went on its final journey from Jeddah to Bangladesh for dismantling, according to BIMCO, the world’s largest shipowner association.28 October 2020 Wednesday 15:00
Fuel Specialist Agrees With BIMCO Report on Fuel Quality and SafetyFuel Specialist Agrees With BIMCO Report on Fuel Quality and SafetyThe recent release of a survey designed to create a greater understanding of the quality of the new fuel oils and the possible safety issues implications of the IMO 2020 sulfur regulations has drawn interest from the maritime community.27 August 2020 Thursday 12:07
BIMCO Survey Reveals Widespread Problems With New Low-Sulfur FuelsBIMCO Survey Reveals Widespread Problems With New Low-Sulfur FuelsA new survey conducted by BIMCO shows that many shipowners (but not all) are experiencing serious problems with new very low sulfur fuel formulations.20 August 2020 Thursday 11:00
BIMCO: Three out of five converted VLOCs are no longer operatingBIMCO: Three out of five converted VLOCs are no longer operatingConverted Very Large Ore Carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market.01 May 2020 Friday 15:25
OPEC+ production cuts have dire implications for oil tankersOPEC+ production cuts have dire implications for oil tankersThe agreement of the members of OPEC and its allies to cut oil production by 9.7 million barrels of crude per day is not believed to be enough to offset the massive demand drop and will certainly have dire implications for the oil tanker shipping market.20 April 2020 Monday 17:44
BIMCO: Shipbuilding orders spiral downBIMCO: Shipbuilding orders spiral downThe shipbuilding sector has been severely impacted by the ongoing COVID-19 pandemic causing the contracting activity to shrink and newbuild deliveries to get postponed.09 April 2020 Thursday 14:19
Scrubber Investment Case Undermined as Low-Sulphur Premium DropsScrubber Investment Case Undermined as Low-Sulphur Premium DropsThe latest geopolitical events dominated by the downfall of the global economy as a result of the Covid-19 pandemic as well as the latest oil price war have had a major impact on the industry with some outcomes that might seem surprising.23 March 2020 Monday 14:45
BIMCO: Tanker Shipping to Face Two Different RealitiesBIMCO: Tanker Shipping to Face Two Different RealitiesThe tanker shipping industry will likely face two contrasting realities, shipping association BIMCO said in its revised 2020 forecast.20 March 2020 Friday 12:05
BIMCO: Capesize Segment Has Been Hit Hardest by CoronavirusBIMCO: Capesize Segment Has Been Hit Hardest by CoronavirusWhile the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards a profitable territory, according to shipping association BIMCO.11 March 2020 Wednesday 11:55
Alphaliner: Cargo Volumes at Chinese Ports to Drop by 6 Mln TEU due to Coronavirus ImpactAlphaliner: Cargo Volumes at Chinese Ports to Drop by 6 Mln TEU due to Coronavirus ImpactThe extended Chinese Lunar New Year holidays and ad hoc measures aimed at curbing the spread of the coronavirus are expected to reduce cargo volumes at Chinese ports, by over 6 million TEU, according to Alphaliner’s estimates.25 February 2020 Tuesday 14:33
BIMCO: Coronavirus Comes at the Worst Time for ShippingBIMCO: Coronavirus Comes at the Worst Time for ShippingThe outbreak of the coronavirus, originating from Wuhan, China, comes at one of the worst time for the shipping industry, which is currently struggling with the additional fuel costs from IMO 2020 and the switch to low-sulphur fuels, according to BIMCO.22 February 2020 Saturday 11:35
China’s Crude Oil Thirst Drives Brazilian Exports to All-Time HighChina’s Crude Oil Thirst Drives Brazilian Exports to All-Time HighBrazilian crude oil exports hit a record high in December 2019 with a total of 8.7 million tons of crude oil exported, as China continues to turn to Brazil for crude, according to BIMCO.23 January 2020 Thursday 13:50
US-China Deal: What Will It Mean for Tanker Shipping?US-China Deal: What Will It Mean for Tanker Shipping?Under the ‘phase one’ trade deal signed last week, China has pledged to increase imports of American goods, targeting to bolster its energy imports by USD 52.4 billion above 2017 levels over the next two years.21 January 2020 Tuesday 11:49
BIMCO: Tanker Deliveries Rise as Demolitions Drop to Decade-LowsBIMCO: Tanker Deliveries Rise as Demolitions Drop to Decade-LowsDelivered tonnage of crude oil tankers have grown, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade, according to shipping association BIMCO.21 October 2019 Monday 15:23
BIMCO Proposes New Regulations in Fight Against EmissionsBIMCO Proposes New Regulations in Fight Against EmissionsInternational shipping association BIMCO has introduced a new option that could help in the shipping industry’s quest to reduce its emissions.02 October 2019 Wednesday 16:58
BIMCO Warns of Chartering Disputes Due to 2020 Bunker RulesBIMCO Warns of Chartering Disputes Due to 2020 Bunker RulesIn addition to the many existing concerns about the IMO 2020 sulfur regulations - fuel availability, quality and cost - shipowners can now add one more: who is liable when something goes wrong?15 September 2018 Saturday 09:40
BIMCO ECSA Leadership Meeting in AthensBIMCO ECSA Leadership Meeting in Athens“ECSA and BIMCO have supported each other in the past but there is a desire by both associations to further improve and deepen our cooperation”, said Mr. Panos Laskaridis.04 August 2018 Saturday 13:45
BIMCO Predicts More Pain for Crude Tanker SectorBIMCO Predicts More Pain for Crude Tanker SectorIn a research note released Tuesday, BIMCO laid out a dire depiction of the market for dirty tankers: "absolutely horrible," with earnings at the lowest level on record and little chance of improvement until next year.11 July 2018 Wednesday 09:16
China’s robust appetite for raw materials to boost freight demand: BimcoChina’s robust appetite for raw materials to boost freight demand: BimcoChina’s strong demand for iron ore, coal and crude is driving up the demand for ships and is serving as an engine of growth for the dry bulk shipping and the tankers’ sector, Baltic and International Maritime Council said in a report last week.20 February 2018 Tuesday 16:57
BIMCO Lists Three Best Performing Bulk TerminalsBIMCO Lists Three Best Performing Bulk TerminalsThe three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report.16 February 2018 Friday 16:11
BIMCO: Ordering Ramping Up in H1 Is Not What Industry NeedsBIMCO: Ordering Ramping Up in H1 Is Not What Industry NeedsThe newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 201726 June 2017 Monday 16:25
BIMCO: New Contracts to Help Speed Up Spill Response TimesBIMCO: New Contracts to Help Speed Up Spill Response TimesBIMCO and International Spill Control Organisation (ISCO) have launched two new spill response contracts to make the task of arranging clean-up services following a spill incident easier to negotiate in an emergency.16 June 2017 Friday 10:30
BIMCO: No Reason to Sell Old Converted VLOCsBIMCO: No Reason to Sell Old Converted VLOCsAlthough there is a huge age gap between converted and normal very large ore carriers (VLOCs), there are not many reasons to demolish or sell these oldies, according to BIMCO.10 June 2017 Saturday 16:46
BIMCO: Increased Crude Oil Tanker Demolition a Positive SignBIMCO: Increased Crude Oil Tanker Demolition a Positive SignA total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of 2017, heading to the expected demolished capacity of 9 million for the full year, according to BIMCO.05 May 2017 Friday 14:20
BIMCO: Dry Bulk Recovery A False DawnBIMCO: Dry Bulk Recovery A False DawnDespite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point mark on 27 March 2017, BIMCO expects the sector’s fully-fledged recovery to start taking shape in 2018 and 2019.25 April 2017 Tuesday 13:40
BIMCO: Tanker Freight Rates Continue DroppingBIMCO: Tanker Freight Rates Continue DroppingOil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued their decline following the brief lift at year-end, according to international shipping association BIMCO.25 April 2017 Tuesday 10:00
BIMCO: China’s Iron Ore Import to Boost Dry Bulk MarketBIMCO: China’s Iron Ore Import to Boost Dry Bulk MarketAlongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, according to international shipping association BIMCO.19 April 2017 Wednesday 14:25
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