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The shipping market in 2016 and looking forward

03 January 2017

The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.

Container shipping lines earned 42 USD less per TEU in 2016

19 January 2017

The container shipping lines received an average rate 7% (42 USD) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015. 

MULTIDOC 2016

20 September 2016

The MULTIDOC is a negotiable bill of lading for shipments involving several modes of transport. The latest edition of this bill of lading is MULTIDOC 2016. This amended edition incorporates the International Group of P&I Clubs/BIMCO Himalaya Clause for Bills of Lading and other contracts 2014, an updated layout and signature box, and a reference to the York-Antwerp Rules 2016 in respect of the Rules according to which General Average should be adjusted. Copyright in MULTIDOC 2016 is held by BIMCO.

HEAVYCONRECEIPT 2016

19 September 2016

The HEAVYCONRECEIPT is a non-negotiable cargo receipt for use of shipments of heavy and voluminous cargoes under the HEAVYCON charter party. The latest edition of this cargo receipt is HEAVYCONRECEIPT 2016. This amended edition includes an updated layout and signature box. Copyright in HEAVYCONRECEIPT 2016 is held by BIMCO.

GENWAYBILL 2016

19 September 2016

The GENWAYBILL is a non-negotiable general sea waybill. The latest edition of this waybill is GENWAYBILL 2016. This amended edition incorporates the International Group of P&I Clubs/BIMCO Himalaya Clause for Bills of Lading and other contracts 2014, an updated layout and signature box, and a reference to the York-Antwerp Rules 2016 in respect of the Rules according to which General Average should be adjusted. Copyright in GENWAYBILL 2016 is held by BIMCO.

LNGVOY

17 October 2016

LNGVOY is a voyage charter party for the carriage of liquefied natural gas. Copyright in this document is held jointly by BIMCO and GIIGNL (International Group of Liquefied Natural Gas Importers). The latest edition of this contract is LNGVOY, issued in 2016.