Tag: shipping market

In latest BIMCO’s ‘Shipping Number of the Week” analysis, Chief Shipping Analyst, Niels Rasmussen, looks at the high values for five-year-old Aframax, Suezmax, and VLCC crude tankers, which now stand at respectively 96%, 85%, and 83% of newbuilding prices.

In this week’s  Shipping Number of the Week, BIMCO looks at the container order book and notices significant change. 

Signal Ocean today released an evaluation on the evolution of oil flows amid the enforcement of EU sanctions on Russian oil.

Last week, GasLog Ltd and GasLog Partners LP, owners and operators of LNG carriers, announced that they  entered into an agreement under which GasLog will acquire all of the GasLog Partners LP common units that are not beneficially owned by GasLog.

In latest BIMCO's 'Shipping Number of the Week” analysis, Filipe Gouveia, Shipping Analyst, BIMCO, explores what is driving the surge in the price for second-hand capsize ships which has increased threefold in March compared to February levels.

The period of 2020 to 2022 saw a historical spike in container freight rates. At its peak, the Shanghai Comprehensive Container Freight Rate Index was five times higher than the pre-covid average. Container ship earnings surged even more, to almost nine times the pre-covid average, explains Mr. Jan Hoffmann, Head, Trade Logistics at UNCTAD.

Allied Market Research issued a report revealing the global marine scrubber industry was valued at $4.9 billion in 2021 and is estimated to generate $20.3 billion by 2031, witnessing a CAGR of 16.2% from 2022 to 2031.

In this week's Shipping Number of the Week, BIMCO examines the slowing rate of scrubber installations in 2022 and why a new wave of installations is expected in coming years.

In early March, the Singapore Government issued a White Paper on Singapore's Response to COVID-19, following the withdrawal of Singapore's remaining COVID-19 measures. The White Paper examines the country's response to the pandemic and identifies shipping as a critical component in obtaining needed supplies.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines why Brazil is heading for a record soybean harvest and sharp rise in exports this year, despite a slow start to the year.