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Read all the latest news about Bimco. ShippingWatch gives you independent, credible, critical and fair news.

Bimco turns its back on Baltic Dry

Baltic Dry has changed to such an extent that the index no longer serves as a proxy for the dry bulk sector overall, says Bimco Chief Analyst Peter Sand, who thus takes down an institution in the shipping sector.

Bimco opens office in Athens

Shipping association Bimco will open a new office in Athens to be closer to Greek shipowners. Greeks make up the largest share of Bimco's members by fleet size.

Bimco doubts IMO's CO2 calculations

Bimco criticizes the IMO for using "unrealistically high GDP growth projections" in its predictions for future transport needs – and thus greenhouse gas emissions. The industry should base its actions on "realistic projections," says the shipping association.

US oil exports to China hit zero again

For the past two months, US exports of oil to China have clocked in at zero, according to Bimco. But other countries have increased their import of US oil.

US soy bean export to China down significantly in 2018

The trade war between the US and China means that the US is selling significantly fewer soy beans to the Chinese than in the past. Brazil has increased its export, but the biggest surprise is to be found in a different market, says Bimco.

Parties behind controversial sulfur proposal issue response

Marshall Islands, Bahamas, Bimco and Intertanko feel misunderstood and are now trying to argue their case after facing tough criticism of the proposal to introduce an "experience-building phase" in connection with the 2020 sulfur regulations. However, the proposal has already divided maritime nations.

Maersk and Torm criticize controversial sulfur proposal

Both Maersk and Torm are against the proposal for an "experience building phase" in connection with the global sulfur cap from 2020. This would create "uncertainty" and could risk "delaying the implementation" of the regulation, says Simon Bergulf, head of regulatory affairs at Maersk.

Major stakeholders working to push back global sulfur carrying ban

A month before a critical IMO meeting concerning the 2020 sulfur regulations, strong industry stakeholders have called for a preliminary "test phase," a move that generates doubts about the adoption of the ban against carrying sulfur fuel on board ships, say critics. (This article has been corrected and updated on Sept. 19 at 11:05 am CET)

67 capesizes could be without work two years from now

More new ships and less scrapping combined are now creating the scenario in which dry bulk carriers would least like to find themselves. The influx of new, large valemaxes could make 67 capesize vessels unemployed within 24 months.

Bunker suppliers to pay for carriers' scrubbers

Several bunker suppliers and traders are offering an untraditional service of financing scrubbers for shipowners if they return the favor by doing business with them. An exciting development, Bimco analyst Peter Sand tells ShippingWatch.

Optimistic bulk carriers went shopping in 2017

2017 exceeded all expectations in the dry bulk market which finally caught a break. The positive development prompted shipowners to order a significant number of new vessels. So far, this is not a cause for concern, but just a few ships could change that, says Bimco.

Bulk rates soared in 2017 thanks to China

Bulk rates soared in 2017 and landed at their highest level in three years this December. China has been the driving force, says Bimco, which predicts more moderate growth rates next year.

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