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,
BIMCO
BIMCO starts work on new WINDSEACON contract for offshore wind market
BIMCO has established a subcommittee to work on WINDSEACON, a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind
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
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