BIMCO

Covid pandemic wiped 24.6 million TEUs off container market growth

“Due to the Covid-19 pandemic, the global container market grew only 1.5% from 171
million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would
have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.

During the past four years, the container market has faced not only lower-than-expected
growth in the global economy, but the ratio of market growth vs economic growth, the so-
called GDP multiplier, was...

https://container-news.com/covid-pandemic-wiped-24-6-million-teus-off-container-market-growth/

EU tanker import tonne mile demand up 12% as ships avoid Red Sea area

“In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase a further 16% and tonne mile demand to increase 12% despite falling volumes,” stated Niels Rasmussen, Chief Shipping Analyst at BIMCO.

During the first quarter of 2024, tanker import volumes to the European Union fell 4% year-on-year due to a 1%...

https://container-news.com/eu-tanker-import-tonne-mile-demand-up-12-as-ships-avoid-red-sea-area/

Demand shocks drive ship recycling to lowest level in 20 years

Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years.

A combination of strong demand following a series of market shocks and low order books have kept older ships operating for longer than usual.

During the first quarter of 2024, only two million deadweight tonnes (DWT) ship capacity were recycled. This marks the ninth consecutive quarter with recycling levels below three million DWT. The last time recycling was this low...

https://container-news.com/demand-shocks-drive-ship-recycling-to-lowest-level-in-20-years/

BIMCO analysis: 13% of world seaborne trade under attack from Houthis and Somali pirates

“Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In 2023 an estimated 13% of global seaborne trade transited through these areas. However, the attacks have reduced the number of ships transiting the area by 50%,” stated Filipe Gouveia, Shipping Analyst at BIMCO.

Since November 2023, the threat to shipping has increased as the Houthis started attacking ships in the Red Sea and the Gulf of Aden. Simultaneously, piracy...

https://container-news.com/bimco-analysis-13-of-world-seaborne-trade-under-attack-from-houthis-and-somali-pirates/

BIMCO: Crude tanker newbuild contracting jumps 490%

We’re supposed to be weaning ourselves off oil, right? So why has tanker newbuild contracting been soaring? BIMCO shipping analyst Filipe Gouveia has some answers.

“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers – VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this ship type during all of 2023,” says Gouveia.

Since the start of the war in Ukraine,...

https://www.marinelog.com/legal/shipping/bimco-crude-tanker-newbuild-contracting-jumps-490/

Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace

“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers – VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this ship type during all of 2023,” stated Filipe Gouveia, Shipping Analyst at BIMCO.

Since the start of the war in Ukraine, freight rates for crude tankers have spiked and stayed strong during the first two months of 2024. The Baltic Exchange Dirty...

https://container-news.com/crude-tanker-newbuild-contracting-jumps-490-as-vlcc-orders-gain-pace/

Cargo volumes in Red Sea drop significantly due to vessel attacks

“During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis,” stated Niels Rasmussen, chief shipping analyst at BIMCO.

Since November 2023, Houthi forces have attacked ships in the Red Sea and Gulf of Aden. In December, most container and gas...

https://container-news.com/cargo-volumes-in-red-sea-drop-significantly-due-to-vessel-attacks/

Η αναπτυσσόμενη αγορά υπεράκτιων ανεμογεννητριών, στα ραντάρ της BIMCO

Η BIMCO έχει συστήσει υποεπιτροπή για την εκπόνηση μιας παγκόσμιας σύμβασης με στόχο τη μεταφορά και την εγκατάσταση υπεράκτιων ανεμογεννητριών. Το έργο δρομολογήθηκε προκειμένου να στηρίξει την υπεράκτια αιολική βιομηχανία, καθώς αυξάνεται η παγκόσμια ζήτηση για τις ανανεώσιμες πηγές ενέργειας.

Οι εργασίες για τη σύμβαση WINDSEACON ξεκίνησαν μέσω μιας σειράς διαβουλεύσεων με περίπου 65 σημαντικούς παίκτες της αγοράς. Μετά τις διαβουλεύσεις, συστάθηκε μια ειδική υποεπιτροπή και ένα συμβούλιο...

https://www.naftikachronika.gr/2024/02/13/i-anaptyssomeni-agora-yperaktion-anemogennitrion-sta-rantar-tis-bimco/

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