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Commodity Trading & Chartering Masterclass Online is a series of 10 online sessions, 60-90 minutes per session. The course will examine commodity trading as a whole and discuss international contracts of sea carriage, which are heavily influenced by sale contracts.
Since July 2020, the container market has benefitted from a surge in consumption of goods compared to pre-COVID levels, and head-haul and regional trade volumes have followed. Compared to the same period of 2019, container volumes in the second half of 2020 were up 5.7% while full year 2021 volumes were 9.0% higher. Volumes in the first half of 2022 were up 8.3%, also compared with H1 2019. Despite a growing fleet, capacity supply was unable to keep up as port congestion absorbed as much as 14% of the fleet, data from Sea-Intelligence shows.
The shipping number of the week provides members with a brief analysis of relevant developments in the shipping markets.
When BIMCO’s Documentary Committee (DC) chaired by Nick Fell, meets on 22 March in Hamburg, it will be considering a contract and a clause for adoption and a number of ongoing projects for review.
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11.9 years whereas tankers on average are 12.8 years old.
China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes.
On 22 July, Russia and Ukraine signed an agreement with Turkey and the United Nations to allow grain exports from three ports in western Ukraine: Yuzhne, Chornomorsk, and Odesa. Combined, the three ports accounted for 65% of the country’s total grain exports over the past five years. Exports could, however, face several difficulties.
