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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.

SERVICECON

20 September 2016

SERVICECON is a standard service contract whereby a shipper undertakes to transport a minimum number of containers over an agreed given period. It has been developed to provide a basis for volume carriage in liner trades worldwide. Individual shipments are subject to the contracting carrier’s own bills of lading or sea waybills which are incorporated into the SERVICECON agreement. The latest edition of this contract is SERVICECON, issued in 2014. Copyright in SERVICECON is held by BIMCO.

JOC Container Trade Europe

06 August 2019

BIMCO's chief shipping analyst, Peter Sand will be partaking as a panellist on analysing the outlook of the containerised shipping market, a panel session which is scheduled for 10:45 to 11:45 AM.

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.