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Posts tagged with "Baltic and International Maritime Council"

Asia-US freight rates jump as volumes rebound

Asia-US freight rates jump as volumes rebound

Oct. 18 | Long-term Far East-US container freight rates are now experiencing a boost, in line with the current strength seen in the short-term market, according to the Baltic and International Maritime Council (BIMCO). Long-term rates from Asia to the US West Coast...

10 Chinese ports reactivate foreign crew change operations

10 Chinese ports reactivate foreign crew change operations

Oct. 14 | Port of Shenzhen, China China has eased crew change restrictions by allowing 10 ports to resume foreign crew change operations, while also introducing a “circuit-breaker mechanism” in case some of a ship’s crew test positive for the coronavirus,...

Economic recovery slow, uneven amid greater uncertainty—BIMCO

Economic recovery slow, uneven amid greater uncertainty—BIMCO

Sep. 9 | The shipping industry is unlikely to see a significant increase in demand, even as economic recovery has begun with governments easing restrictions after the shock of the pandemic, the Baltic and International Maritime Council (BIMCO) forecasts. Many...

Container ship orders plunge to lowest level in 17 years

Container ship orders plunge to lowest level in 17 years

Aug. 12 | The orderbook for container ships has fallen 10.3% in the past 12 months to its lowest level since September 2003 as a consequence of the COVID-19 crisis. The fall has been driven by the scarcity of new orders for vessels as the drop in trade volumes...

BIMCO opens port, COVID-19 information on its website free to public

BIMCO opens port, COVID-19 information on its website free to public

Mar. 23 | The Baltic and International Maritime Council (BIMCO) said that in view of the extraordinary coronavirus-driven (COVID-19) crisis, all COVID-19 related content as well as port information on its website is for now “open and free for everyone,” the...

BIMCO downgrades container shipping outlook to negative

BIMCO downgrades container shipping outlook to negative

Mar. 20 | The Baltic and International Maritime Council (BIMCO) has revised its outlook for container shipping demand in 2020 from low global demand growth to negative demand growth for the full year. According to BIMCO’s revised forecast released March 18, container...

BIMCO maps likely coronavirus impacts on global shipping as time elapses

BIMCO maps likely coronavirus impacts on global shipping as time elapses

Feb. 26 | The coronavirus outbreak could not have come at a worse time for the shipping industry, which is currently struggling with the additional fuel costs from IMO 2020 and the switch to low-sulfur fuels, according to the Baltic and International Maritime Council...

BIMCO concerned about inclusion of int’l shipping in European Green Deal

BIMCO concerned about inclusion of int’l shipping in European Green Deal

Dec. 16 | The Baltic and International Maritime Council (BIMCO) has expressed concern with the plan to include international shipping in decarbonization efforts under the recently published The European Green Deal. BIMCO in a release on December 13 said it welcomes...

Container shipping feels growing pressure from trade war, falling Asian exports—BIMCO

Container shipping feels growing pressure from trade war, falling Asian exports—BIMCO

Dec. 2 | In the first nine months of the year global container volumes rose 1% to 126.3 million TEUs, up just 1.3 million TEUs from the corresponding level in 2018 when growth was 3.8%, or an additional 4.6 million TEUs, as the effects of the trade war kick in,...

Shipping groups call on all countries to fully implement IMO 2020

Shipping groups call on all countries to fully implement IMO 2020

Sep. 22 | The shipping industry is urging the strict and full implementation of the fuel sulfur cap, saying it found “disturbing” the reports that some countries may not fully enforce the new rules of the International Maritime Organization (IMO). The World...