BIMCO green lights 1st management agreement for autonomous ships

Prices for international shipping containers are falling. Spot rates are down almost a half in the third quarter and 10% in the last week of September.

Shipping companies, cargo owners, NGOs and industry bodies call for a level playing field and practical solutions from the IMO’s mid-term GHG reduction measures.

BIMCO says that the contracting spree for the container segment has seen a total of 1.59m TEU capacity contracted so far in 2024, the third highest since 2008.

BIMCO: Record deliveries of 264 new ships in the first half of 2024 have driven the container ship fleet growth to its fastest rate in 15 years.

BIMCO now predicts that normal shipping routes through the Red Sea and Suez Canal will not resume until 2025.

In 2023, 2.3M TEU of new container ship capacity surpassed the previous high by 37%, with an additional 1M TEU delivered in the first 4 months of 2024.