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A Booking Note is a contract for the reservation of space on board a carrier’s vessel. The Note provides the prospective shipper with the carrier’s terms and conditions of carriage.
The demand for container shipping is stalling at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade.
Peter talks to Gibraltar Shipping providing more insight on his role and views on current shipping trends.
The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, shipowners across the board seem to have a lot on their plates.
The new agreement is designed to meet the contractual needs of small to medium sized shippers, which, despite the large number and global value of the shipments they transport, often lack the legal resources to develop their own agreements with carriers.