14 November 2010
Following the ultimate Sales & Purchase peak in 2007 where vessels valued at USD 40 billion were traded, the last 4 months of 2008 and most of 2009 were comparable sinkholes. Now the secondhand markets are on the rise again and on course to hit a total sales value of USD 20 billion for the full year comprising the three main segments, dry bulkers, tankers and container ships. This represent a rise in sales value equal to almost 60% y-o-y, up from USD 12.7 billion in 2009. With only 10% more ships traded – the secondhand value of the fleets have considerably surged.
13 October 2010
Forecast: BIMCO expects the fourth quarter to be a difficult one, with volumes going down from recent highs. This may also mean idling vessels becomes more normal again as they are removed from stings or simply temporarily abundant as volumes tighten.
During the first half of 2010 the container trade has made a remarkable comeback. Rates have doubled on many routes and volumes have returned from the abyss to the benefit of many owners who have switched from red ink to black as a result of this.
19 July 2010
Is it true that this is the first time dry bulk carriers have been taken out of the market since the start of the global recession in late 2008
14 February 2010
28 October 2009
An ”L-shaped” market in the making? Demand: The overall sluggish demand picture has resulted in slow steaming and idle capacity equal to 550 vessels comprising 10% of current trading fleet or 1.3 million TEU.
15 November 2019
Elinor is Partner at HFW and heads the global finance team.
She represents shipowners, operators, shipyards, designers and banks across the cruise, commercial shipping, yachts and business jets, LNG and offshore sectors.
Elinor advises on all types of commercial shipping contracts including second-hand sale and purchase, shipbuilding contracts, EPC and EPCI contracts, ship recycling, ship registration, charterparties, pooling agreements, management agreements, seismic-related contracts, shares sale and purchase and joint venture agreements as well as on ship and aviation finance, leasing, seller's credits and other forms of capital raising. She also advises on contracts for the design, construction, purchase and operation of yachts and business jets.
Elinor is part of the firm's LNG group, which has been responsible for drafting some of the first long-term LNG vessel charters and has, over the years, built up extensive experience of LNG time charters and related agreements, including joint venture arrangements, for some of the major LNG projects around the world. The group deals with all modern LNG time voyage and other specific charters, gas supply / offtake and LNG sale and purchase agreements, financing agreements, insurance issues, FLNG, FSRU projects and the construction and operation of LNG ports and terminals.
Elinor has particular experience in the drafting of LNG charters and the ShellLNGTime form.
Elinor has been advising on piracy related contracts since 2009, including contracts for the provision of private security services and, more recently, cyber security services and insurance. She sits on BIMCO's drafting sub-committees for GUARDCON and the new cyber security clauses.
Elinor lectures on commercial shipping matters, and in particular on shipbuilding and offshore construction topics, security in shipping and yachting, FPSO charters, LNG charters and FSRU contracts and related insurance issues.
Elinor is recommended by the Legal 500 UK and Chambers directories. She co-leads the firm's travel and leisure group. Elinor is a former chair of the International Bar Association's Maritime and Land Transport Law Committee, sits on the UK Chamber of Shipping's Taxation Committee and is a member of WISTA. She has been with HFW since 1994.
Elinor is qualified in England and Wales.
29 May 2019
Christian is BIMCO’s General Counsel. He is a lawyer and graduated from the University of Copenhagen with a Master’s degree in 2001 and an LL.M. with Distinction from the University of Southampton in 2004. He worked in the Secretariat for maritime policy at the Danish Maritime Authority from 2001, until joining the European Commission’s Directorate-General for Maritime Transport and Energy in 2005 where he worked until 2009.
Christian has been with BIMCO for 10 years, providing legal and policy advice in-house and to members and representing the association at various international meetings. He is managing a number of the association’s contracts and clauses related projects, including the ones relating to the development of term sheets for ship financing. Christian was recently seconded to Danish law firm Gorrissen Federspiel, one of the leading advisors within the maritime industry, and was admitted to the Danish Bar in February 2019 (practice certificate deposited).
23 September 2020
SHIPLEASE is a standardised term sheet intended for use in ship sale and leaseback transactions. The term sheet has been principally developed for sale and leaseback transactions involving second-hand ships, but it can be readily adapted to fit structures involving newbuildings or vessels that are undergoing major refit. It is suitable for use for both operating and finance leases, although it may need to be adjusted as appropriate. The latest edition of this contract is SHIPLEASE, issued in 2020.
20 September 2016
NEWBUILDCON is the industry’s only international standard shipbuilding contract designed for use in any jurisdiction and for any type of ship. BIMCO’s objective in creating NEWBUILDCON was to balance the interests of shipowners and shipbuilders in a clearly written and well-structured comprehensive contract that improves upon the other standard forms in the market.
The latest edition of this contract is NEWBUILDCON, issued in 2007.
Copyright in NEWBUILDCON is held by BIMCO.
07 May 2018
The BIMCO Bunker Terms 2018 is a standard contract for the purchase and supply of marine fuels to ships. The latest edition of this contract is BIMCO Bunkers Terms 2018.
Copyright in the BIMCO Bunker Terms 2018 is held by BIMCO.