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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.

Bimco responds to criticism from InfluenceMap

Yesterday, Monday, the International Chamber of Shipping (ICS) responded to the criticism of the role played by shipowners in international CO2 negotiations in the IMO. Today, Bimco presents its position, which includes a proposal for the IMO strategy.

Tanker carriers could be hit by oil peak earlier than expected

The demand for oil could peak before many stakeholders expect, say several analysts. They advise tanker carriers to take it seriously when setting out future strategy, while there is some indication that at least one carrier is already in the midst of a transition.

Bimco: Dry bulk market is declining again

After some relatively positive months at the beginning of the year, the dry bulk market is now headed in the wrong direction, in terms of showing restraint on new orders and scrapping the aging fleet. The boom for large Capesize ships will not rub off on other segments.

Shipowners present climate targets ahead of IMO meeting

The International Chamber of Shipping and three other interest groups have presented their proposal for two concrete climate requirements for shipping. The news comes ahead of a meeting of IMO's Marine Environment Protection Committee. NGOs point to a lack of ambition.

Bimco: Tanker scrapping will quadruple this year

There has been major growth in the number of scrapped oil and product tanker vessels during 2017, but this is not likely to ease the pressure on the tanker market, writes Bimco in a new forecast.

Bimco: China will be driver of the bulk market this year

China is building its infrastructure and this constitutes the dominant factor in the development of the dry bulk market this year, Bimco writes in a new analysis. Brazil is playing an increasingly larger role in the transportation of iron ore.

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