As the shipping industry intensifies its focus on energy efficiency, clear and balanced standard contractual frameworks for vessel retrofit projects are becoming increasingly important. BIMCO is well advanced in developing its Energy Saving Device Retr…
BIMCO’s Energy Saving Device Retrofitting Addendum: Work well underway Read More »
Fitch Ratings has revised its 2026 outlook for the global shipping sector to ‘neutral’ from ‘deteriorating’, reflecting a war-driven increase in demand for alternative suppliers and routes, primarily for oil and oil products. Th…
Fitch Ratings Revises Global Shipping Outlook to Neutral on War-Led Tanker Rate Surge Read More »
Global seaborne coal flows reached 119mt in May 2026, up 5% y/y — the first month of consecutive y/y growth in 2026 so far, and with an accelerating growth rate compared with April’s revised figure of 4%. Chinese seaborne coal imports fell by 6% …
South Asian demand keeps pushing coal flows higher Read More »
Over the past four years, tanker markets have been reshaped by geopolitical shocks, with freight volatility increasingly driven by inefficiencies rather than pure cycles. The Russian invasion of Ukraine triggered a major reconfiguration of crude and pr…
Long Voyages in a Fragmented World: The Evolution of Tankers Read More »
“During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The drop in import volumes cut ton…
Western Africa’s import of clean petroleum products drops 44% year on year Read More »