New BIMCO ocean towage and barge contracts released
04 March 2021The latest editions of TOWCON, TOWHIRE and BARGEHIRE are now available on SmartCon.
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Commodity Trading & Chartering Masterclass Online
07 September 2021Commodity Trading & Chartering Masterclass Online is a series of 10 online sessions, 75-90 minutes per session. The course will examine commodity trading as a whole and discuss international contracts of sea carriage, which are heavily influenced by sale contracts.
Global container volumes down 1.7% in first 11 months of 2020
07 January 2021The shipping number of the week provides members with a brief analysis of relevant developments in the shipping markets.
US manufacturing of durable goods hits USD 270.5 bln record high
04 August 2021US manufacturing of durable goods, which has been lagging the wider recovery of the US economy, hit an all-time high in June when USD 270.5 billion worth of goods was produced.
BIMCO force majeure clause under way
04 September 2020With an increasing focus on force majeure due to the COVID-19 outbreak, BIMCO has gathered a drafting team to develop a free-standing force majeure clause for use in a variety of contracts.
Capesize order book slips to 5% of fleet as contracting falls
18 October 2023At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a young fleet are keeping the order book small.
Myanmar, Republic of the Union of - Freight tax
26 July 2018Ukraine’s dry bulk exports have plunged 77.8% during one year of war
22 February 2023On Friday 24 February, one year will have passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes. Seaborne exports have been restricted to agricultural goods and even those have been limited.
Iron ore exports to China fell 3.2% in the first half of 2022
14 July 2022In the first half of 2022, the Chinese economy was plagued with weak demand and low economic growth, driven in part by their zero COVID policy. The country’s weaker economy caused a lower demand for steel, meaning that production fell by 8.7% y/y as of May.
