BIMCO

Container ship orderbook hits new record high

“At the end of 2024, the container ship orderbook was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” pointed out Niels Rasmussen, Chief Shipping Analyst at BIMCO, who wrote the following analysis.

As 4.4 million TEUs were contracted during 2024, the second highest ever, the orderbook grew despite deliveries hitting a new record high of 2.9 million TEUs.

Making up 92% of the orderbook capacity, ships of 8,000 TEUs or larger dominate the orderbook. The largest...

https://container-news.com/container-ship-orderbook-hits-new-record-high/

Fleet Growth and Market Shifts in Global Shipping

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The post Fleet Growth and Market Shifts in Global Shipping appeared first on Container...

https://container-news.com/fleet-growth-and-market-shifts-in-global-shipping/

Dry bulk contracting falls 70% below average amid low rates

Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024.

However, in recent months, weaker Chinese import demand paired with a recovery in Panama Canal transits has impacted freight rates negatively. In October, the Baltic Dry Index (BDI) fell 15% month-on-month and after a further fall in November, the index has ended 16% lower than in November last year.

“Over the past three months, dry bulk newbuilding contracting has been 70% below the...

https://container-news.com/dry-bulk-contracting-falls-70-below-average-amid-low-rates/

Baltic Dry Index still down 10% despite recovery in capesize demand

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the November recovery of the Baltic Dry Index (BDI). The capesize market has benefited from an increase in shipments so far in November but the index is still down 10% y/y.

“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in...

https://container-news.com/baltic-dry-index-still-down-10-despite-recovery-in-capesize-demand/

BIMCO unveils Ship Recycling Alliance

BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of vessels.

The alliance is expected to help facilitate the global implementation of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC), which will enter into force in June 2025.

This comes at a time when more than 15,000 ships are estimated to be recycled over the next 10 years and the need for compliant yards from main recycling states such...

https://container-news.com/bimco-unveils-ship-recycling-alliance/

Container ship deliveries hit new record of 2.5 million TEUs

“Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5 million TEUs have been delivered, surpassing the previous full-year high of 2.3 million TEUs in 2023,” stated Niels Rasmussen, Chief Shipping Analyst at BIMCO.

As recycling of older ships has remained low, the deliveries have increased the size of the container fleet by 2.4 million TEUs (8.7%) since the beginning of 2024. The container fleet now...

https://container-news.com/container-ship-deliveries-hit-new-record-of-2-5-million-teus/

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