Archive for the ‘BIMCO’ Category

BIMCO Dry Bulk Shipping 2019/3 report: Rates may have climbed out of the abyss, but challenges remain in place for the autumn

BIMCO Dry Bulk Shipping 2019/3 report: Rates may have climbed out of the abyss, but challenges remain in place for the autumn
Peter Sand Dry Bulk Shipping Rates may have climbed out of the abyss, but challenges remain in place for the autumn Demand drivers and freight rates Earnings for Capesize vessels have continued their rollercoaster ride, reaching their highest level since the end of 2013, at USD 36,101 per day on 2 September...
September 18th, 2019 | BIMCO, Dry Bulkcarriers, Insight, Markets | Read More

BIMCO Tanker Shipping 2019/3 report: A boost from the 2020 sulphur cap will not make up for a fast-growing flee

BIMCO Tanker Shipping 2019/3 report: A boost from the 2020 sulphur cap will not make up for a fast-growing flee
Peter Sand BIMCO Tanker Shipping 2019/3 report: A boost from the 2020 sulphur cap will not make up for a fast-growing flee Tanker Shipping A boost from the 2020 sulphur cap will not make up for a fast-growing fleet Demand drivers and freight rates Rising geo-political tensions have led to disruptions...
September 17th, 2019 | BIMCO, Emissions, Environment, Pollution, Reports, Tankers | Read More

BIMCO Shipping Market Outlook: Container shipping sector and Macroeconomics September 2019

BIMCO Shipping Market Outlook: Container shipping sector and Macroeconomics September 2019
Peter Sand BIMCO Shipping Market Outlook: Container shipping sector and Macroeconomics September 2019 MACROECONOMICS Low growth persists amid trade tensions and a slowdown in global manufacturing Global economic growth continues to slow with recession warnings sounding in many corners of the world, none...
September 16th, 2019 | BIMCO, Container shipping, Markets, Reports | Read More

BIMCO: Record high seaborne US crude oil exports in June 2019 benefits oil tankers

BIMCO: Record high seaborne US crude oil exports in June 2019 benefits oil tankers
Peter Sand BIMCO: Record high seaborne US crude oil exports in June 2019 The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million (m) tonnes in June 2019. Also contributing to the June record was South Korea, as exports to the...
August 27th, 2019 | BIMCO, Markets, News, Tankers | Read More

US soya bean exports, up or down?

US soya bean exports, up or down?
Peter Sand US soya bean exports, up or down? The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half of 2018,...
August 14th, 2019 | BIMCO, Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Trade and Commerce | Read More

Tonne miles from US crude oil exports drop dramatically in April

Tonne miles from US crude oil exports drop dramatically in April
Peter Sand Tonne miles from US crude oil exports drop dramatically in April April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally. This was because exports to Asia dropped to 3.7 million...
June 27th, 2019 | BIMCO, Oil Industry, Reports, Trade and Commerce | Read More

BIMCO: Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of tanker attacks

BIMCO: Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of tanker attacks
Peter Sand Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of tanker attacks VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot...
June 21st, 2019 | BIMCO, Canals, Military, News, Piracy and Terrorism, Tankers, Trade and Commerce | Read More

BIMCO urges nations to co-operate after new Hormuz attacks

BIMCO urges nations to co-operate after new Hormuz attacks
Angus Frew BIMCO urges nations to co-operate after new Hormuz attacks BIMCO is urging nations to defuse tension and work together through diplomatic efforts following new attacks on two tankers at the Strait of Hormuz on 13 June. The attacks occurred just east of the Strait of Hormuz, involving a Marshall...
June 13th, 2019 | BIMCO, Piracy and Terrorism, Safety and Security | Read More

BIMCO Shipping Market Reports JUNE 2019 – part 2/2.

BIMCO Shipping Market Reports JUNE 2019 – part 2/2.
Peter Sand Oil tanker shipping and container shipping. Waiting for 2020 / Global demand growth in TEU is weak, but very unevenly distributed. Tanker shipping: While we wait for 2020 to kick in, it’s all about politics The tanker market is – even more so than before – all about geopolitics. Iran,...
June 12th, 2019 | BIMCO, Reports, Tankers | Read More

BIMCO Shipping Market Reports JUNE 2019 – part 1.

BIMCO Shipping Market Reports JUNE 2019 – part 1.
Peter Sand BIMCO Shipping Market Reports JUNE 2019 – part 1. Macroeconomics and dry bulk shipping. Trade tensions and slowing demand growth affects dry bulk shipping Macroeconomics: slower growth from unresolved trade tensions harms global trade volumes The slowing growth in advanced economies...
June 11th, 2019 | BIMCO, Reports | Read More

HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract

HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract
Paul Dean HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract Global, sector-focused law firm HFW has helped shipping association BIMCO draft an industry standard offshore decommissioning contact. The contract – DISMANTLECON – has been approved by BIMCO’s Documentary...
May 20th, 2019 | BIMCO, Energy, Legal, Oil Platforms and Rigs | Read More

The BDI@1,043 whilst awaiting …Armageddon

The BDI@1,043 whilst awaiting …Armageddon
John Faraclas The BDI@1,043 whilst awaiting …Armageddon The BDI (Baltic Dry Index) continued its upwards mode and now reads 1,043 – plus 17 points since yesterday. The Geopolitics getting sour and BIMCO makes a splash at the Yacht Club of Greece. John Faraclas’ daily market brief recap: The Capes’...
May 14th, 2019 | Associations, BIMCO, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Markets, News, Sales and Purchases, Ship Demolitions, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Capes’ Market mirage amid growing Geopolitical mess

Capes’ Market mirage amid growing Geopolitical mess
John Faraclas Capes’ Market mirage amid growing Geopolitical mess The BDI (Baltic Dry Index) was up 20 points at 1,031 “thanks” to the unprecedented Capes’ surge. The Geopolitical situation contains to many dangerous issue which will soon prove detrimental for all; John Faraclas’ May Day Mayday...
May 1st, 2019 | BIMCO, Chartering, Dry Bulkcarriers, International Chamber of Shipping, Markets, Military, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More

Rising deliveries of Capesize ships pose a threat to the already fragile market balance

Rising deliveries of Capesize ships pose a threat to the already fragile market balance
Peter Sand Rising deliveries of Capesize ships pose a threat to the already fragile market balance Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January...
May 1st, 2019 | BIMCO, Dry Bulkcarriers, Markets, Reports | Read More

Meet BIMCO’s Chief Shipping Analyst in Rotterdam, the Netherlands

Meet BIMCO’s Chief Shipping Analyst in Rotterdam, the Netherlands
Peter Sand Meet BIMCO’s Chief Shipping Analyst in Rotterdam, the Netherlands BIMCO’s Chief Shipping Analyst will be participating at the TOC Europe in Rotterdam on 18 June 2019. Peter Sand will discuss the outlook for the dry bulk market in 2019 and beyond. This session is part of the Bulk Exhibition...
April 24th, 2019 | Associations, BIMCO, Events, Conferences,Forums and Symposiums, Exhibitions | Read More

FONASBA celebrates 50th Anniversary

FONASBA celebrates 50th Anniversary
The Baltic Exchange FONASBA celebrates 50th Anniversary Fifty years ago today, on 23rd April 1969, delegates representing Belgium, Denmark, Finland, France, Great Britain, Greece, Italy, the Netherlands, Norway, Sweden and (as it was then) West Germany, met at the offices of Institute of Chartered Shipbrokers...
April 23rd, 2019 | Anniversaries, Associations, BIMCO, Chartering, Intercargo, Intertanko, Markets, News, Ports & Terminals, Ship Agencies | Read More

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row
Peter Sand US seaborne crude oil exports hit record high for fifth month in a row US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from...
April 9th, 2019 | Associations, BIMCO, Markets, Oil Industry, Reports, Statistics, Tankers, Trade and Commerce | Read More

Macro Macchiato 08/04/19: There’s No Such Thing As A Good Forecast

Macro Macchiato 08/04/19: There’s No Such Thing As A Good Forecast
.  Macro Macchiato 08/04/19: There’s No Such Thing As A Good Forecast After 25 years as a professional forecaster, IMO 2020 shows me that a lesson I learned very early on still applies… In 1999 I completed my MSc in Operational Research, having gone back to college part time because, with...
April 8th, 2019 | BIMCO, Events, Conferences,Forums and Symposiums | Read More

The Asian Century and Shipping (Macro Macchiato 01/04/19)

The Asian Century and Shipping (Macro Macchiato 01/04/19)
Mark Williams The Asian Century and Shipping I’ve been spending some time thinking about the longer term changes to our industry which are based on the rise of the emerging markets to a position of dominance in the global economy and in our industry. I wrote in our Macro Macchiato about how the BRICs...
April 1st, 2019 | BIMCO, Events, Conferences,Forums and Symposiums | Read More

Vigilance essential despite reduction to piracy High Risk Area in the Indian Ocean

Vigilance essential despite reduction to piracy High Risk Area in the Indian Ocean
Vigilance essential despite reduction to piracy High Risk Area in the Indian Ocean The Round Table of international shipping associations plus the OCIMF representing the global shipping and oil industry have announced the geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean...
March 8th, 2019 | Associations, BIMCO, Intercargo, International Chamber of Shipping, Intertanko, Piracy and Terrorism | Read More

2020 Fuel Transition Clause for Time Charter Parties

2020 Fuel Transition Clause for Time Charter Parties
Marcus Dodds, partner, London At a Glance… BIMCO has last week released its two eagerly awaited standard clauses (the ‘2020 Marine Fuel Sulphur Content Clause for Time Charter Parties’ and the ‘2020 Fuel Transition Clause for Time Charter Parties’). Both are intended to address the International...
December 21st, 2018 | BIMCO, Bunkering, Chartering, Legal, Markets | Read More

HFW helps BIMCO draft first cyber security clause

HFW helps BIMCO draft first cyber security clause
William MacLachlan, senior associate, HFW Global, sector-focused law firm HFW has helped shipping association BIMCO draft its first cyber security clause. The new clause, which is designed for use in a broad range of contracts, is due to be published in May 2019.  It requires parties to have plans and...
December 3rd, 2018 | BIMCO, Legal, News, Safety and Security | Read More

Palau lines up with BIMCO

Palau lines up with BIMCO
Panos Kirnidis The world’s fastest growing ship registry has now joined more than 2,000 other maritime professionals by becoming the latest associate member of BIMCO – The Baltic and International Maritime Council. Palau International Ship Registry (PISR) is the latest registry to join the world’s...
November 9th, 2018 | BIMCO, Flags | Read More

HFW helps BIMCO draft first 2020 Bunker Clause

HFW helps  BIMCO draft first 2020 Bunker Clause
Paul Dean, Head of Offshore, HFW Global, sector-focused law firm HFW has helped shipping association BIMCO draft its first clause relating to the International Maritime Organization’s 2020 sulphur emission rules. The new clause, focused on compliance, has been fast-tracked and may be published...
September 27th, 2018 | Associations, BIMCO, Bunkering, Emissions, Environment, Legal, News, Pollution | Read More

BIMCO ECSA leadership meeting in Athens

BIMCO ECSA leadership meeting in Athens
Anastasios Papagianopoulos The BIMCO President, Mr Anastasios Papagiannopoulos and ECSA President, Mr Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally and in Europe respectively. “ECSA...
August 3rd, 2018 | Associations, BIMCO, Events, Conferences,Forums and Symposiums, News | Read More