The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020. Demand drivers and freight rates After peaking in September, the fundamentals of the market have beg…
The Secretary-General of the International Maritime Organization (IMO), Mr. Kitack Lim, has opened the Organization’s 31st Assembly session, calling for concrete action to address climate change and other challenges. “In so many areas, we a…
IMO Secretary-General opens 31st Assembly with a call for concrete action Read More »
In the maritime world conversations among professionals soon turn to China, reflecting the country’s pervasive influence. After rapid enlargement during the past two decades, this presence is at the forefront of both the demand and supply sides of many…
China’s all-embracing maritime influence Read More »
BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product f…
Capesize After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC average opened the week at $20,970 and closed out Friday up $580 to settle at $18,930, illustrating clearly the det…
Dry Bulk: Capesize Market Ends Week With Slight Improvement Read More »