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The global XSI® index saw its first month-on-month fall since January 2022 as it slid to 448.3 in September, falling by 1.1%. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards.
The global XSI® rose again in July to 453.2 points, yet another month in which the XSI® has set a new record. This was up by 4.1% from July 2022 and 121.2% from August 2021. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
The global XSI rose by an additional 11.1% in April to 294.44 points. This represents the third consecutive month-on-month increase after a temporary decline reported at the start of 2022. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
President Alberto Fernández recently pledged that Argentina would seize the opportunity to help meet global wheat demand while taking advantage of the high prices following Russia’s invasion of Ukraine. A poor harvest, however, could change the picture.
The global XSI ® continued to climb in March 2022, rising by 7.0% month-on-month to 265.0 points. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
The Charter Party Guarantee 2022 is a time charterers’ guarantee for all sums payable and liabilities under a time charter party. The latest edition of this contract is the Charter Party Guarantee, issued in 2022. It revises the 2012 version of the Guarantee. BIMCO recommends that the Owners request the Guarantor to deliver to the Owner a legal opinion from a lawyer qualified in the place of incorporation of the Guarantor confirming that the Guarantor has the necessary power and has taken all necessary corporate actions and obtained all necessary approvals (including exchange control approvals) to perform its obligations under this Guarantee. Copyright in the Charter Party Guarantee 2022 is held by BIMCO. BIMCO would like to thank the drafting committee for their commitment to the project and their considerable time and efforts in producing the Charter Party Guarantee: Ian Gaunt, Arbitrator (chairperson) Charlotte Grandjean, CMA-CGM Ralf van der Zalm, Anthony Veder Chartering B.V. Peter Eckhardt, Martini Chartering Suzanne Byrne, West Richard Lord KC, Brick Court Chambers The following explanatory notes are intended to explain the drafting team’s thinking behind some of the key clauses. This document is intended as a living document and will be expanded/adjusted based on relevant questions from users of the Guarantee.
With the onslaught of the COVID-19 pandemic that started in 2020 , it has inevitably brought about all possible delays and impact ed every sector of the shipping industry. Perhaps it was a blessing in disguise as the Maritime Labour Convention’s amendments were timely to take into account the experiences which the shipping industry has had in particular with seafarers . BIMCO sees th is as a major step to improving the protection of seafarers especially for cases where they have been abandoned or are in need of medical assistance or basic entitlement to internet access on board ships as well at ports.
