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Sunday, November 17, 2019

Bimco

IMO2020: Market Uncertainty Brings More FUEL OIL Price Volatility

The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained...

BIMCO AND ICS PUBLISH NEW CYBER SECURITY GUIDE FOR CREW ON BOARD

The digitalisation of maritime operations and the reliance on technology and network connectivity for daily onboard and on shore operations means that shipping is vulnerable to the threat of cyber incidents. To help crew prepare,...

BIMCO to Present Shipping Market Insights in Hong Kong

Chief Shipping Analyst, Peter Sand, will be in Hong Kong from 18-20 November 2019 to present the latest BIMCO perspectives of the commercial shipping market. Hong Kong Maritime forum Peter Sand is speaking at inaugural Capital...

Tanker Deliveries are Soaring as Demolitions Hit Decade – Lows

Newbuilding orders have remained low through the year with contracted tonnage down by 48%. Amidst a market filled with uncertainty and geopolitical unrest, BIMCO maintains its bearings and turns to the market fundamentals to cut...

BIMCO Launches Interactive Graphs Showing Bunker Fuel Spreads

The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO...

Shipping Industry More Hurt by Developments in Soya Bean Trades This Year than Last

In particular falling exports from Brazil have hurt the shipping industry, with accumulated soya bean exports from Brazil in the first eight months of this year 7.8 million tonnes lower than the first eight...

BIMCO Points to Ships’ Power as a Mean to Curb Emissions

While it remains a fact that ships’ speed is the single most important variable influencing their CO2 emissions, there are different views as to which regulatory measure is best when it comes to enforcement and...

Industry’s First Decommissioning Contract Now Available From BIMCO

Following approval by BIMCO’s Documentary Committee in May this year, the new contract has been developed to provide a clearly worded agreement with a fair allocation of risks and responsibilities when dismantling offshore structures. “DISMANTLECON...

Nations Must Enforce IMO 2020 Sulphur Regulations

The World Shipping Council (WSC), BIMCO, the Cruise Lines International Association (CLIA), and the International Parcel Tankers Association (IPTA) calls on International Maritime Organization (IMO) member states to fully implement the new global marine...

Tanker Shipping: A boost from the 2020 sulphur cap will not make up for...

Demand drivers and freight rates Rising geo-political tensions have led to disruptions to the tanker shipping industry and all other ships trading in the Persian Gulf. Tensions have risen following the expiry of waivers to...