Shipping industry organisations have condemned the attacks on two tankers on the Gulf of Oman on Thursday and expressed concern over the global economic impact of a threat to maritime traffic in the Straits of Hormuz.
Bimco has urged nations to co-operate and de-escalate tensions after two tankers were attacked in the Gulf of Oman this morning forcing their crew to abandon ship.
The Baltic Dry Index (BDI) can no longer accurately reflect how the dry bulk shipping market is performing, according to a latest analysis report by Bimco.
Piracy is continuing to pose dangers to seafarers onboard ships in the Gulf of Guinea and the shipping industry is urging the authorities to take immediate action to stamp out the threat.
An increasing number of capesize newbuilding deliveries is posing a serious threat to the already fragile market balance, even as demolition rates have increased, according to a latest analysis by Bimco.
Bimco maintains there is more match than clash for shipping and the environment and it’s up to the shipping industry to demonstrate what it has done, and what it is doing, to protect the environment.
Against a backdrop of a gloomy outlook for container trades Bimco analyst Peter Sand warns a failure by lines to pass increased fuel costs from the IMO 2020 sulphur cap could result in bankruptcies.