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Background
Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system. Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fuels. In the ... Please follow the link to continue reading.
What are the differences between demurrage and detention?
Demurrage forms an integrated part of the laytime provisions in voyage charter parties operating with fixed laytime. Just as voyage freight, the amount of demurrage negotiated reflects the current market conditions and not necessarily the daily cost of the vessel. This means that it is just as impor... Please follow the link to continue reading.
Coal shipments to India fall 9% as domestic mining increases
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Coal shipments to India fall 9% as domestic mining increases
BARECON team sets sights on victory
Following swiftly on the heels of the recent Ocean Victory judgment by the UK Supreme Court, the BARECON revision team has reviewed the insurance clauses of this widely used contract.
Australia on track for new harvest record and 9.8% jump in wheat exports
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Australia on track for harvest record
BIMCO's "25 by 25" campaign reaches 25.1% eBL adoption in first year
In an encouraging development for trade digitalisation, BIMCO's "25 by 25" campaign has surpassed its initial target within its first year, achieving a 25.1% adoption rate of electronic bills of lading in iron ore trade.
Coal shipments to China fell 12.2% in 2022, mixed outlook ahead
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: coal shipments to China
US crude oil production takes 1.1m bpd hit due to snowstorm
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
