Tag: shipping market

BIMCO has issued its Tanker Shipping Market Overview & Outlook for the month of February 2025, finding that a weakening of the product tanker market is expected. 

The Drewry World Container Index (WCI) composite index decreased 10% to $2,795 per 40ft container, 73% below the previous pandemic peak of $10,377 in September 2021 and lowest since May 2024.

According to GMS’ latest report, freight rates uptick and tonnage scarcity have slowed global ship recycling, with markets facing volatility.

In this week’s “Shipping Number of the Week” from BIMCO, Filipe Gouveia looks at dry bulk shipments from Ukraine and Russia.

The Baltic Exchange has issued its report for the last week, 17-21 February, to provide information of the bulk market performance.

In this week’s “Shipping Number of the Week” from BIMCO, Filipe Gouveia examines the fall in global iron shipments.

According to GMS’ latest report, despite a strong start to 2025, the outlook for the first seven weeks of the year has been gloomy.

The Baltic Exchange has issued its report for the last week, 10-14 February, to provide information of the bulk market performance.

In latest BIMCO's “Shipping Number of the Week” , Chief Shipping Analyst, Niels Rasmussen, examines the rise in container trade imbalances which has been driven by faster export growth from East & Southeast Asia compared with all other regions except Sub-Saharan Africa.

According to GMS’ latest report, falling vessel prices, rising tariffs, and a surge in aging tonnage are reshaping the ship recycling market in February.