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Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.
BIMCO’s Standard Term Sheet Subcommittee met on 15 June to consider feedback received on the draft term sheet agreed by the subcommittee in March...
Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.
BIMCO’s continued call for the establishment of a harmonized data model to facilitate exchange of electronic data between ship and shore last week took a big step forward, as the initiative was met with support during an expert meeting at the International Maritime Organization (IMO).
In 2019 the new mandatory requirements on Electronic Data Interchange requires public authorities to establish systems for the electronic exchange of information to assist ship clearance processes.
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