The scale of the cyber-security threat against shipping is unknown according to Giles Noakes, chief maritime security office of Bimco.

Shipping groups – Bimco, ICS, Intercargo, Intertanko and World Shipping Council – have called on the IMO to adopt a global carbon dioxide (CO2) data collection system for international shipping.

With the Ballast Water Management (BWM) Convention set to come into force on 8 September 2017 industry associations have expressed deep concerns that owners will fit expenive equipment which may not meet more stringent US standards.

Bimco is working with top bunker suppliers and other industry stakeholders to review its bunker standard bunker contract to avoid the issues of double payment that have arisen following the collapse of OW Bunker.

The demolition of containerships almost increased by three-fold in the January-May 2016 period compared to the year-ago period, with scrapping particularly active for the panamax segment, according to Bimco.

Zero fleet growth is required in the dry bulk sector over the next few years to bring it back into profitability by 2019.

The asset values of dry bulk vessels could potentially sink further amid the battered market, which continues to be badly in need of more scrapping activities to clear the severe oversupply of vessel tonnage, according to Peter Sand, chief...

Freight rates for the global container shipping market is forecast to improve slightly in 2016 compared to last year, thanks to demand and supply potentially growing at approximately the same pace, according to Bimco.

The US East Coast and West Coast ports have concluded 2015 on a different beat, with the former recording its best ever year in terms of inbound containers while the latter’s performance was impacted by disputes, according to a latest Bimco report.

Bimco has launched a set of guidelines to help the shipping industry secure itself against the threat of cyber-attackers.