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IMO urged to extend GHG strategy

BIMCO, IPTA and World Shipping Council (WSC) have jointly submitted a proposal to IMO suggesting issues for consideration at the forthcoming MEPC in developing the greenhouse gas strategy. The document proposes programmes and obligations designed to improve the near-term and long-term efficiency of international shipping in furtherance of the IMO GHG strategy.

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BIMCO's Road to Recovery for March 2017

Peter Sand, BIMCO's Chief Shipping Analyst, talks about the latest update of BIMCO's Road to Recovery analysis of the shipping market, stating that, even if there has been a recent lift in freight rates certainly positive, there is still work to be done on the supply side. A significant level of demolition activity must be maintained, and increasing focus must also be on keeping slow steaming around.

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BIMCO: The Shipping market in 2016 and looking forward

The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. Mr. Peter Sand mentions that 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.

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