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BOXCHANGE 2016

20 September 2016

BOXCHANGE is a standard agreement for container interchange, which is the process of moving containers on a trip basis from a location with a container surplus to a place with container shortage. All terms and conditions are mirrored for both parties as they are simultaneously suppliers and users of containers. The latest edition of this contract is BOXCHANGE 2016. Copyright in BOXCHANGE 2016 is held by BIMCO.

The shipping market in 2016 and looking forward

03 January 2017

The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.

Container shipping lines earned 42 USD less per TEU in 2016

19 January 2017

The container shipping lines received an average rate 7% (42 USD) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015. 

MULTIDOC 2016

20 September 2016

The MULTIDOC is a negotiable bill of lading for shipments involving several modes of transport. The latest edition of this bill of lading is MULTIDOC 2016. This amended edition incorporates the International Group of P&I Clubs/BIMCO Himalaya Clause for Bills of Lading and other contracts 2014, an updated layout and signature box, and a reference to the York-Antwerp Rules 2016 in respect of the Rules according to which General Average should be adjusted. Copyright in MULTIDOC 2016 is held by BIMCO.