Tag: BIMCO

The International Cargo Handling Coordination Association (ICHCA) collaborated with shipping associations, calling the industry to make progress on issues from the harmonisation of data, emerging technologies to supply chain transparency.

In light of the COVID-19 landscape, shipping major associations and port communities launched a new initiative called "Accelerating Digitalisation of Maritime Trade and Logistics".

BIMCO discusses about the right to suspend performance for non-payment of hire under a conventional cargo time charter party, adding that although it is a powerful activity, applying the same sanction under BARGEHIRE is impractical.

BIMCO has moved a step closer to finishing a global set of guidelines needed to protect the marine environment from invasive species and reduce CO2 emissions.

Imposed restrictions as a result of COVID-19 pandemic has disturbed crew mobility, leaving thousands of seafarers quarantined onboard ships. BIMCO has shared a list of countries where crew change is allowed and a list of countries where it is not allowed as of 20 May 2020. 

BIMCO collaborates with the Institute of Chartered Shipbrokers and Ocean Technologies Group subsidiary Videotel to create a high-quality educational resource and assist maritime students continue their studies remotely.

During April, container shipping spot freight rates on the back-haul trade from North Europe to China were higher than those on the front-haul trade from China to North Europe, BIMCO reports.

As the world expected that 2020 would be focused on the long awaited 2020 sulphur cap from the International Maritime Organization (IMO), the spotlights have turned to the COVID-19 and the OPEC+ oil price war, BIMCO's Chief Shipping Analyst Peter Sand commented.

Both long- and short-term rates have remained stable even as the COVID-19 pandemic has forced large parts of the global economy to shut down and thereby lower demand for container shipping, says BIMCO's Chief Shipping Analyst, Peter Sand. 

BIMCO recently released an analysis on Converted Very Large Ore Carriers (VLOC), marking that since June 2017, 43% of the VLOC fleet have been sent to the scrapyards, while 18% of the fleet is either idled or damaged.