BIMCO reported in our previous macroeconomics report in April 2017 that monthly indicators were showing a strengthening in the global economy. The firm growth dynamics in advanced economies have now, four months later, had a cascade effect on some emerging markets and developing economies (EMDE). This solid growth has ..
As freight rates are coming back from the abyss, their actual rise seems to be magnified beyond their actual performance. Some container spot freight rates are up more than 100 per cent from the very low levels of last year, but may still be at a loss-making level now and so spot rates are not the best indicator for market ..
The one key factor to watch is the one thing that’s impossible to measure accurately on a global scale – oil stocks. Global stocks for both crude oil and oil products rose significantly following the sharp fall in crude oil prices in the second half of 2014. But while this may seem to be in the past, it is still ..
Since early July, capesize rates have gone up and up. By mid-August, they had reached a breakeven level to become profitable. BIMCO estimates that a capesize ship on average fleet financing and operational cost levels, turns profitable when rates are above US$15,300 per day. But the improvements are unfortunately not seen ..
HamiltonJet recently signed a multi-year, multi-boat project to supply waterjets to the Taiwan Coast Guard for new coastal patrol vessels. To mark the new relationship a ..
Towage provider Kotug Seabulk Maritime (KSM) recently welcomed the 14.6-metre line handler Capt. Leroy (pictured) and the 15.2-metre catamaran KSM ..
The Andrews Labor Government has introduced legislation that will remove the ten remaining Gippsland Lakes fishing access licences.