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The Bimco News

04 Jul 2015

Record Bulk Shipping Demolition Rates in 1H15

Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year. This included a record 5.36 million DWT in April – the highest on record for a single month. The dry bulk shipping market has been at rock bottom since February with the Baltic Dry Index staying below 600 from 2 February to 13 May – its lowest levels ever. But with the high rates of demolition and an expected increase in demand through the 2H15, market conditions are expected to improve. April 2015 saw 5.36 million DWT being retired from active service, which was the highest on record ever for a single month.

03 Jul 2015

New Record Year in Dry Bulk Demolition Underway - BIMCO

The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month. April 2015 saw 5.36 million DWT being retired from active service, which was the highest on record ever for a single month. The record came on the back of continued poor earnings and deteriorating market conditions in dry bulk shipping, evidenced by the Baltic Dry Index (BDI) staying below 600 from 2 February to 13 May. In 2012, which is the largest demolition year on record with 33.4m DWT leaving the fleet, the monthly average was 2.79m DWT. So could we be heading for an even higher level in 2015? The preliminary amount of dry bulk tonnage being demolished during the first half of 2015 is 20 million DWT.

09 Jan 2002

BIMCO Holiday Calendar 2002 Now Available

The 2002 edition of the BIMCO Holiday Calendar has now been released. First published in 1913, the BIMCO Holiday Calendar provides specific information on general holidays in 157 countries. In addition, the publication includes local holidays and working hours in more than 630 ports worldwide. and weekdays working hours are also included in the country-by-country listing. definition". It is indispensable to those negotiating charter parties, planning voyages or computing laytime. BIMCO Members receive one complimentary copy of the BIMCO Holiday Calendar as a part of their membership. Additional copies are available from BIMCO Publications A/S at a cost of $62.00 for BIMCO members and $93.00 for non-members, including airmail postage. improve decision-making and fixture negotiations.