Houthis put on warning: Now what?
Yesterday saw growing international concern over the situation in the Red Sea as Houthi attacks on merchant ships caused more vessels to avoid the area and sent ocean freight rates soaring. While
BIMCO
Stinne Taiger Ivø named BIMCO deputy secretary general
The world’s largest shipping association, Copenhagen-headquartered BIMCO, has appointed its director of contracts & support, Stinne Taiger Ivø, as deputy secretary general, effective January 1, 2024. She succeeds Søren Larsen, who will
Can Prosperity Guardian plans counter Houthi threat to shipping?
Ahead of a widely expected announcement from U. S. Secretary of Defense Lloyd J. Austin the Norwegian Government said today that the U.S. has taken the initiative to strengthen international efforts to
Containership deliveries reach a record high
Even as containership operators across the board report softening demand, new tonnage continues to enter the market. BIMCO’s chief shipping analyst, Niels Rasmussen, reports that new containership deliveries in the first seven
Nikolaus H. Schües takes over as BIMCO president
At its general meeting in Hong Kong today, BIMCO, the world’s largest shipping association, elected Nikolaus H. Schües, CEO and owner of Reederei F. Laeisz, as its president. Moving into the role
Ship recycling set to soar
Niels Rasmussen, chief shipping analyst at BIMCO, has been giving his attention to an expected spike in ship recycling numbers over the next 10 years, partly due to the shipping industry facing
Scrubber fitting trends: What’s happening?
Niels Rasmussen, chief shipping analyst at BIMCO has been crunching the numbers on the percentage of ships fitted with exhaust gas scrubbers, or exhaust gas cleaning systems (EGCS) more formally. “Scrubbers were
Charterers to BIMCO: CII clause won’t work
Some of the biggest charterers of ships, most of whom also own ships, have sharply criticized BIMCO’s Carbon Intensity Indicator (CII) operations clause. BIMCO’s standardized charters and clauses are one of the
Container shipping: It looks like the party’s ending
Easing supply chain bottlenecks at major U.S. ports may be good news for consumers, but not so much for containership operators. As we reported earlier, after container shipping giant Maersk reporting record
BIMCO: War in Ukraine will hurt growth in all shipping segments
Niels Rasmussen, chief shipping analyst at BIMCO, is warning that the negative impacts of Russia’s actions in Ukraine will have consequences for all sectors of shipping. Though much uncertainty remains, the immediate