INTERCARGO: “Our members achieve fewer deficiencies and detentions”

Dry bulk shipping has grown significantly from 2013-2023, driven by advancements in technology, increased raw material demand, and changing trade patterns.

BIMCO: Between January and August 2024, the number of recycled ships dropped 42% y/y, the second lowest level in 16 years.

The Panama Canal’s operational issues led some bulk shippers to choose alternative routes, with future decisions based on capacity and transit assurances.

INTERCARGO and other associations urge the IMO “to amend the flawed CII, which unfairly penalizes the shipping industry, especially the dry bulk sector.”

Amer Shipping and MSG have formed Stream Shipping in Raamsdonksveer, an independent inland shipping company with its own vessels.

Diana Shipping has extended the time charter contract for its vessel Los Angeles with NYK at a rate of US$28,700 per day, starting July 18, 2024.