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The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
BIMCO's position has been approved by the BIMCO Board of Directors.
BIMCO's position has been approved by the BIMCO Board of Directors.
The spread between very-low sulphur fuel oil (VLSFO) and high-sulphur fuel oil (HSFO) has widened following Russia's invasion of Ukraine. The HSFO price, however, could rise if Russian volumes coming into the market start declining due to sanctions.
Global trade still relies heavily on paper. The main risks of relying on paper are exposure to fraud, clerical errors and lengthy transfer and processing time. This is despite the fact that issuance of electronic bills of lading (eBLs) has been possible for more than 20 years on safe and well-established platforms approved by the International Group of P&I Clubs. It is also despite the fact that eBLs are safer, faster, and greener when compared to their paper bills of lading ancestor.
As European Union retail trade stagnates, the question for the Far East to Europe container trade will be whether consumers will buy less or cheaper.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)