20 September 2016
BOXTIME is a standard time charter party for container ships. The latest edition of this contract is BOXTIME 2004.
Copyright in BOXTIME 2004 is held by BIMCO.
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.
20 May 2020
Throughout April, container shipping spot freight rates on the back-haul trade from North Europe to China were higher than those on the front-haul trade from China to North Europe.
26 May 2020
The Covid-19 crisis has – and will continue to – hit the container shipping market hard, and the current economic situation provides no hope for a short-term recovery.
26 September 2019
BIMCOs Chief Shipping Analyst Peter Sand will share his insight into the container shipping market when he present BIMCO’s view on the current market conditions, including the impact from trade wars, regionalism and the looming IMO2020 sulphur gap.
11 December 2013
The fleet is being heavily skewed towards the bigger sizes, as investors seek to lower unit costs, reap the benefits of economies of scale and by that, improve competitiveness. The future is set for slow steaming and larger volumes on each ship, but profitability for the operators will depend on utilisation.
10 April 2013
As BIMCO foresaw in the latest Shipping Market Overview & Outlook – an upward adjustment of freight rates as per announcements became essentially successful.
13 June 2013
Strong demolition activity dampens fleet growth, while stable US demand supports optimism as we head into the “peak-season”
14 February 2010
15 April 2010
The challenge of redeploying laid-up vessels in a market flooded by newbuildings creates a market balanced on a knife edge