The maritime industry in Turkey is no different to the rest of the world in having been badly impacted by the pandemic but is well placed to “bounce back” afterwards, according to Dr Şadan Kaptanoğlu, BIMCO president and ceo of HI Kaptanoğlu...
As the dry bulk shipping market lingers at some of its lowest levels in decades Bimco analyst Peter Sand warns it is being served a toxic cocktail of a drop in demand and overcapacity of supply.
With oil market volatility at an all-time high, even exceeding the volatility of equity markets, supply and demand shocks have sent bunker prices collapsing at the fastest rate since the 2008 global financial crisis.
Charter party issues are a major concern ahead of the IMO 2020 regulation and these were highlighted the UAE shipping community by Bimco at seminar hosted by the Emirates Maritime Arbitration Centre (EMAC).
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.
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.“Bimco now believes that the BDI cannot be used as a proxy for the dry bulk market as a...
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.
The dry bulk capesize market could be headed for rougher seas on the back of diminishing growth in demand volumes and the still growing capesize fleet, according to Bimco.
