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BOXCHANGE 2016

20 September 2016

BOXCHANGE is a standard agreement for container interchange, which is the process of moving containers on a trip basis from a location with a container surplus to a place with container shortage. All terms and conditions are mirrored for both parties as they are simultaneously suppliers and users of containers. The latest edition of this contract is BOXCHANGE 2016. Copyright in BOXCHANGE 2016 is held by BIMCO.

SERVICECON

20 September 2016

SERVICECON is a standard service contract whereby a shipper undertakes to transport a minimum number of containers over an agreed given period. It has been developed to provide a basis for volume carriage in liner trades worldwide. Individual shipments are subject to the contracting carrier’s own bills of lading or sea waybills which are incorporated into the SERVICECON agreement. The latest edition of this contract is SERVICECON, issued in 2014. Copyright in SERVICECON is held by BIMCO.

Container Shipping

28 October 2009

An ”L-shaped” market in the making? Demand: The overall sluggish demand picture has resulted in slow steaming and idle capacity equal to 550 vessels comprising 10% of current trading fleet or 1.3 million TEU. 

Container Shipping

17 December 2009

Still a long way to go before demand catches up with the massive amount of tonnage. Demand: Generally speaking demand is still pretty sluggish, but having said that, the future trends have already arrived. Intra-Asia trade is set to be where the volume growth is going to be strong.