BIMCO

Container ship fleet sees fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs.

“Compared to one year ago, the capacity has risen 11% to 29.5 million TEUs, the fastest fleet growth in 15 years,” mentioned Niels Rasmussen, Chief Shipping Analyst at BIMCO.

During the first half of 2024, the delivery of new ships reached a new high. A total of 264 ships with a combined capacity of 1.6 million TEUs have been delivered from shipyards, two-thirds more than during the first...

https://container-news.com/container-ship-fleet-sees-fastest-growth-in-15-years/

BIMCO: Dry bulk newbuild contracting fell, despite strong market

“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still increased 11.7% y/y. Other factors, such as limited shipyard availability and uncertainty on fuels and demand outlook could be contributing to this hesitation,” says Filipe Gouveia, Shipping Analyst at BIMCO.

Shipyards are...

https://container-news.com/bimco-dry-bulk-newbuild-contracting-fell-despite-strong-market/

VIDEO: Shipping industry appalled as Houthi attacks continue

Video has emerged showing the Houthi attack on the MV Tutor with an explosive laden drone boat. That attack eventually led to the sinking of the vessel, which has now been confirmed by UKMTO. That attack, and the subsequent attack on the MV Verbena, underscore the deadly nature of the ongoing attacks and shipping industry outrage and anguish is growing.

Efforts by CENTCOM to degrade Houthi capabilities continue. On June 19 it said: In the past 24 hours, U.S. Central Command (USCENTCOM) forces...

https://www.marinelog.com/legal/safety-and-security/video-shipping-industry-appalled-as-houthi-attacks-continue/

Peak in China’s coal demand in sight as renewables jump 12%

Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels.

“While steam coal shipments to China rose 29% y/y, they are starting to feel the pressure from stronger renewables. Between March and April, the shipments fell 7% y/y as electricity generation from fossil fuels only rose 1% y/y,” stated Filipe Gouveia, shipping analyst at BIMCO.

So far in 2024, electricity generated from renewables...

https://container-news.com/peak-in-chinas-coal-demand-in-sight-as-renewables-jump-12/

Container ship deliveries hit new record of 1 million TEUs

“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year, an increase of nearly 80% compared to the previous record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.

As ship recycling has so far only retired 19 smaller ships, the fleet has expanded by nearly 1 million TEU, a 3.5% increase compared to the...

https://container-news.com/container-ship-deliveries-hit-new-record-of-1-million-teus/

Η IBIA και η BIMCO συνεργάζονται σε θέματα καυσίμων και ναυτιλιακών προκλήσεων

Η συνεργασία υπογραμμίζει τη συλλογική δέσμευση του κλάδου για την πλοήγηση προς ένα πιο πράσινο μέλλον για τις ναυτιλιακές δραστηριότητες

https://www.newmoney.gr/roh/palmos-oikonomias/nautilia/i-ibia-ke-i-bimco-sinergazonte-se-themata-kafsimon-ke-naftiliakon-prokliseon/

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/

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