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Industry Opinions

Peak in China’s coal demand in sight as renewables jump 12%

Ioanna Kontos - May 23, 2024 0

Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. "While steam...

Container ship deliveries hit new record of 1 million TEUs

Container News Team - May 8, 2024 0

“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set...

Industry Opinions

Covid pandemic wiped 24.6 million TEUs off container market growth

Ioanna Kontos - April 17, 2024 0

"Due to the Covid-19 pandemic, the global container market grew only 1.5% from 171 million TEU in 2019 to 173.5 million TEU in 2023. Without...

Industry Opinions

EU tanker import tonne mile demand up 12% as ships avoid Red Sea area

Container News Team - April 11, 2024 0

“In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing...

Industry Opinions

Demand shocks drive ship recycling to lowest level in 20 years

Ioanna Kontos - April 4, 2024 0

Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. A combination of...

Industry Opinions

BIMCO analysis: 13% of world seaborne trade under attack from Houthis and Somali pirates

Ioanna Kontos - March 19, 2024 0

"Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In...

Industry Opinions

Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace

Ioanna Kontos - March 6, 2024 0

“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise...

Industry Opinions

Cargo volumes in Red Sea drop significantly due to vessel attacks

Ioanna Kontos - February 28, 2024 0

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

Industry Opinions

Container market grows marginally in 2023 as the fleet swells

Ioanna Kontos - February 7, 2024 0

In this week’s "Shipping Number of the Week" from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the state of the container market in 2023...

Industry Opinions

BIMCO: Record deliveries could push container fleet above 30 million TEUs in 2024

Container News Team - January 10, 2024 0

"In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEUs, beating the previous record from 2015 when 1.7...

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Tag: BIMCO

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