Our forecast for fleet growth in 2023 has been adjusted downwards as it appears that more ships planned for delivery in 2023 than expected have been delayed until 2024. In addition, recycling has progressed more slowly than we expected. We now forecast fleet growth of 7.0% in 2023. On the other han... Please follow the link to continue reading.
MEMBER CONTENT – login using the orange button at the top of the page to view.
The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the “international industry organisations”) draw Members’ attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continui... Please follow the link to continue reading.
MEMBER CONTENT – login using the orange button at the top of the page to view.
MEMBER CONTENT – login using the orange button at the top of the page to view.
We have revised our fleet growth forecast to 7.9% in 2023 and 7.8% in 2024. Year-to-date, the total TEU capacity of ships delivered from shipyards reached a record high. Shipowners have, however, continued to order new ships and the order book has remained only marginally smaller than the record 7... Please follow the link to continue reading.
MEMBER CONTENT – login using the orange button at the top of the page to view.
BIMCO has drafted a standard form which can provide documentation for shipowners unable to buy compliant fuel in a port. The standard will be discussed at the Intersessional meeting the International Maritime Organization (IMO) in July.
The dry bulk fleet is expected to grow by 2.8% in 2023 and by 2.1% in 2024. However, supply might grow by only 1-2% in 2023 and 2024 due to lower sailing speeds. Between January and July, bulk carrier newbuilding contracting fell 10.7% y/y, which caused the orderbook to slip to 7.7% of the dry bu... Please follow the link to continue reading.
MEMBER CONTENT – login using the orange button at the top of the page to view.
