BIMCO’s Post

I'm excited to share this article by BIMCO and International Taskforce Port Call Optimization about Just In Time arrivals for bulkers and tankers. It proposes to reduce ship emissions by optimizing ship speed to arrive at port just as the destination berth is available. The key idea is to use the Port-passage Planning Area (PPA) and Waiting Area to coordinate port calls among all stakeholders, such as terminal operators, charterers, owners, and port authorities. This would improve transparency, trust, safety, security, environment, and supply chain efficiency. As a participant of ITPCO and a subcommittee chair on Port Call data standardization at the Greater Houston Port Bureau Efficiency Committee, I fully support this initiative. It's a win-win solution for the shipping industry and the planet. It also aligns with my vision of transparency and real-time information. What do you think of Just In Time arrivals? Do you believe the industry can overcome the challenges related to JIT? I'd love to hear your thoughts in the comments below. #JustInTime #shipping #sustainability #innovation #collaboration

♦ Boxship Newbuild Contracts Now Stretch Into 2029   In a recent article by Sam Chambers for the reputable media outlet Splash Maritime and Offshore News (splash247.com), the container shipping industry is experiencing an unprecedented extension of newbuild contracts, now stretching into 2029. This development reflects the industry's long-term confidence in continued demand and the strategic moves by shipping companies to secure future capacity amid global trade uncertainties.   In the ever-evolving landscape of global trade, John S. James Co. stands out as a group of experts ready to assist with all your import and export needs. Whether you're a small business shipping occasionally or a large corporation with frequent shipments, our team provides the tailored expertise and comprehensive services required to ensure smooth and efficient logistics. From seamless customs clearance to precise freight forwarding, we are committed to delivering excellence for every client, regardless of size or shipping frequency.   Discover how John S. James Co. can support your shipping needs by visiting johnsjames.com.    #ShippingIndustry #ContainerShipping #NewbuildContracts #FreightForwarding #CustomsBroker #GlobalTrade #JohnSJamesCo #MaritimeNews #Splash247 #Logistics #SupplyChain #2029 #InternationalShipping

- There are two main types of shipping services – Liner and Tramp - A liner service works on a fixed route, period, and rotation, a Tramp doesn’t - Container, Bulk, Breakbulk, and RoRo all have liner services In the course of shipping, many of you would have heard the terms Liner service or trade and Tramp service or trade.. These are two primary types of trades in the maritime space.. While both are essential to the industry’s functionality, they operate under different principles, contracts, and schedules.. Here are the differences and similarities between these two trades.. BIMCO Grant Hunter Alphaliner

Shipyards are still occupied by orders for ships in other sectors. The orderbooks for container and LNG ships are sizable and since 2023, contracting for tankers increased BIMCO Filipe Gouveia #Bimco #shipyards #commodities #shipowners #newbuildship #RobbanAssafina

Asian shipyards are currently swamped with orders for LNG carriers and containerships, pushing delivery dates as far as 2029. Container giants like CMA CGM are leading the charge with substantial orders, while Chinese yards are also in high demand for mid-sized container vessels. The global shipyard orderbook has spiked by 56 million compensated gross tonnes since late 2020, with LNG and containerships accounting for the majority of this increase. With LNG newbuilding orders more than doubling in the first five months of 2024 compared to last year, the trend shows no signs of slowing down. The tight supply of newly constructed vessels could lead to shortage of capacity in long term, meaning longer lead time and higher freight rates. https://lnkd.in/gGMC4yWY

🚢🌊 Navigating the Waters: Key Terms in Oil Shipping 🌊🚢 The shipping industry, particularly the oil segment, has a unique lexicon that professionals need to master. Here are some of the most used terms in the oil shipping sector: ⚓VLCC (Very Large Crude Carrier): Tankers with a capacity between 200,000 and 320,000 DWT, primarily used for transporting crude oil on long-haul routes. ⚓Suezmax: Tankers with a capacity of around 120,000 to 200,000 DWT, designed to fit through the Suez Canal when fully laden. ⚓Aframax: Medium-sized tankers with a capacity of 80,000 to 120,000 DWT, often used for regional routes. ⚓Spot Charter: A single voyage charter agreement where a ship is hired to transport a specific cargo between two ports. ⚓Time Charter: A contract where a vessel is hired for a specific period, giving the charterer control over the vessel's commercial operations. ⚓Laytime: The period agreed upon for loading and unloading cargo without incurring additional charges. ⚓Demurrage: Charges payable to the shipowner if the charterer exceeds the agreed laytime. ⚓Freight Rate: The charge levied for the transportation of cargo, typically expressed in dollars per ton of oil. ⚓Ballast Voyage: The leg of a voyage where the tanker is empty, traveling to pick up the next cargo. ⚓Bunkering: The process of refueling a ship with fuel oil. Understanding these terms is crucial for navigating the complex and dynamic world of oil shipping. Whether you're a seasoned professional or new to the industry, staying informed is key to success. #Shipping #OilShipping #Maritime #Logistics #SupplyChain #VLCC #Suezmax #Aframax #SpotCharter #TimeCharter #Laytime #Demurrage #FreightRate #Bunkering

In the most critical sphere of bulk carrier operations, the meticulous preparation of cargo holds before the cargo's arrival is paramount. This complex process, requiring careful planning and competent execution, is vital for safeguarding cargo quality and preventing contractual disputes. The ramifications of inadequate preparation can range from cargo contamination and water ingress to off-hire claims and charter party disputes, highlighting the need for a targeted, effective, and correct preparation strategy. It's imperative for everyone in the cargo chain, from chartering and operations teams ashore to the crew onboard, to understand the all nuances of these preparation processes. This knowledge is foundational to turning anticipated profits into reality rather than losses. Chartering teams play a pivotal role in ensuring the smooth carriage of bulk cargoes. Their responsibilities include accurately matching specific cargoes with ships that can safely carry them, understanding the ship's characteristics and cargo carrying capabilities, and incorporating clear terms in fixtures regarding cargo laden, cleanliness requirements, and regulatory compliance. In instances of uncertainty, the importance of communication between chartering teams and operations and technical departments cannot be overstated. Informed decisions and collaborative efforts are essential for successfully navigating the complexities of bulk cargo carriage. Let's share thoughts and experiences on the impact of enhanced cargo hold preparation maritime commercial operations. How do you navigate these challenges in your practice? #bulkcargo #maritimeoperations #shipping #maritimesafety #operationalexcellence #cargochain

Product tanker contracting hits 18-year high after 17% rise y/y During the first seven months of this year, 194 product tankers larger than 10k deadweight tonnes (DWT) have been contracted with a combined capacity of 13.3m DWT. This is a 17% increase compared to last year and the highest level of contracting since 2006. Contracting during the first seven months of 2024 has reached the second highest level on record while the third highest was achieved last year. Combined, contracting in 2023 and 2024 has rapidly expanded the order book which grew 135% in 2023 and has already grown another 45% so far this year to 37.1m DWT. Chinese shipyards have benefitted the most from the renewed interest in product tanker newbuilding as they sit comfortably on 72% of the order book. Read the full report here https://lnkd.in/eAnhMje3 #BIMCO #tankers #tankermarket #shipsandshipping #globaltrade

"Prioritizing our clients' project needs is at the heart of our vessel chartering strategy. We meticulously tailor every charter to meet cargo specs, route demands, operational constraints, and scheduling priorities. Reach out at [email protected] or explore www.africentocl.com for more info. #ClientFocused #TailoredChartering #EfficientOperations #ShippingSolutions #MaritimeLogistics"

VESSEL REVIEW: Dutch shipbuilder Royal Bodewes recently handed over two new vessels to Irish dry cargo transport company Arklow Shipping. 'Arklow Resolve' and 'Arklow Rose' are the fifth and sixth units, respectively, in a series of seven multi-cargo ships being built by Royal Bodewes for the same owner as part of the latter’s fleet expansion program to meet growing market demand. The ships each have an LOA of 104.93 metres (344.26 feet), a moulded beam of 15 metres (49 feet), a maximum draught of 6.612 metres (21.69 feet), a moulded depth of 9.5 metres (31 feet), a deadweight tonnage of 6,800, and a gross tonnage of 4,145. Each ship has a total cargo capacity of approximately 8,800 cubic metres (310,000 cubic feet) and can carry a combination of bulk (particularly paper, coal, wood, and grain) and general cargo also including dangerous goods. The cargo on each ship is kept in two holds separated by portable bulkheads and with pontoon type hatch covers. The holds also have fixed CO2 fire suppression systems while the ships themselves are fitted with ballast water treatment systems. Full article link in comments.