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COAL-OREVOYBILL 2016

19 October 2021

The COAL-OREVOYBILL is a charter party bill of lading for shipments of coal and ore cargoes under the COAL-OREVOY charter party. The latest edition of this bill of lading is COAL-OREVOYBILL 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 COAL-OREVOYBILL 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.

BDI conducts the demolition activity

27 May 2016

The Baltic Dry Index (BDI)’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt.