bimco

BIMCO, a leading shipping industry association, has launched a Ship Recycling Alliance to accelerate the implementation of safe and environmentally sound

Dry bulk ship recycling has plummeted to its second-lowest level in 16 years, with only 45 ships recycled so far in 2024, according to BIMCO, the world’s

The global container shipping industry is experiencing a significant surge in fleet expansion, according to recent data from BIMCO. Despite initial signs of a

Product tanker contracting so far in 2024 has reached an 18-year high, marking a 17% increase compared to the previous year, according to BIMCO. The world’s

India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This

The shipping industry has witnessed a record delivery of 1 million Twenty-foot Equivalent Unit (TEU) of container ship capacity in the first four months of

Ship recycling has plummeted to its lowest point in two decades as ships are kept in operation longer due to a combination of market shocks, strong demand, and

A group of prominent shipping associations have released revised security guidance for navigating the Southern Red Sea and Gulf of Aden in response to a series

The global containership fleet is set to exceed the 30-million TEU mark for the first time in history in 2024, as a wave of new containerships hit the water,

The shipping industry is turning its attention to green and blue alternatives in order to meet the International Maritime Organization’s (IMO) targets

by Captain John Konrad (gCaptain Editorial) Amid escalating tensions in the Red Sea, marked by attacks on Israeli and European-owned vessels, and ongoing war

Contracting of product tanker newbuilds has hit a 10-year high this year, but recycling of older ships and the impact of decarbonization regulations are likely

The war and Ukraine and EU’s ban on Russian oil products is driving product tanker rates higher, contributing to a surge in newbuild orders. The product

The global maritime industry is set to witness an extraordinary surge in ship recycling activities over the course of the next decade, with more than 15,000

As the COVID-19 pandemic recedes, global shipping is experiencing a shift in operations. According to the world’s largest shipping association, BIMCO,

Capesize second-hand ship prices experienced a significant surge in March due to China’s economic recovery, according to a new report from the Baltic and

By Ira Breskin – Failure of a benchmark ship lease to address the environmental and financial impact of charterers’ operational decisions could

By Ira Breskin – BIMCO, which provides most standard ship charter parties or leasing contracts, recently drafted a clause that makes charterers

by John Konrad (gCaptain) A dwindling oil tanker fleet could deepen the global energy crisis over the next three years as energy companies try to increase

The Government of Nigeria and a coalition of global shipping industry orgnizations have launched a new strategy to end the scourge of piracy, armed robbery,