Tag: shipping market

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at the decline in Russian seaborne crude oil export volumes which may continue to fall as Russia implements export cuts in August.

The Annual Report 2022-2023 of the Union of Greek Shipowners has been released, which it provides an in-depth analysis of the sector’s most important developments in maritime policy.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the impressive 337% spike in the contracting of product tankers during the first half of 2023 and the drivers behind it.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines the state of global grain shipments in 2023 with focus on an expected decline in exports from the US.

As U.S. Energy Information Administration (EIA) forecasts in its latest latest Short-Term Energy Outlook (STEO), that there will be higher crude oil prices in the second half of 2023 and into 2024, because of moderate but persistent inventory drawdowns.

European Community Shipowners' Associations (ECSA) welcomes the agreement on the Basel III rules reached between the European Parliament and the Council yesterday that gives explicit recognition to ship finance.

In this week’s Shipping Number of the Week, BIMCO examines Chinese coal stocks which reach record high as seaborne imports surge 73%.

During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update. After the downturn in the second half of 2022, world merchandise trade rebounded in both volume and value.

In its Q2 2023 Shipping Market Overview & Outlook, BIMCO sees a stronger dry bulk market outlook but believes that the recovery is fragile.

According to Allianz Safery and Shipping report 2023, decarbonization of shipping is now well underway, but the pace of these efforts is influenced by range of factors, including green technology, regulation and market forces.