Tag: BIMCO

On Friday 24 February, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes, according to BIMCO.

In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.

India is heading for the highest wheat harvest on record of 112 million tonnes this spring. However, exports will likely be limited in the coming year as the country is still recovering from last year’s poor harvest and is expected to focus on rebuilding its own wheat inventories, says Filipe Gouveia, Shipping Analyst at BIMCO.

At the request of Angola, IMO fielded a mission to Lobito, from 23 to 27 January 2023, to assess progress made in the implementation of the IMO-Singapore "Single Window for Facilitation of Trade (SWiFT) Project".

BIMCO and the International Association of Ports and Harbors (IAPH) teamed up with the International Maritime Organization (IMO) at its headquarters in London to discuss opportunities and hurdles for the Maritime Single Window.

By 1 January 2024, the single window for data exchange is to become mandatory in ports around the world, marking a significant step in the acceleration of digitalisation in shipping, and BIMCO provides FAQs for further clarification.

BIMCO launched the BIMCO Security Network: a new network for security professionals, aiming to bring together members’ security experience in order to share and learn from each other.

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the unusual drop in Chinese export container rates which normally enjoy a spike in the weeks leading up to Chinese New Year.

The BIMCO CII clause has been developed to help address the commercial complexities of the CII regulation entering into force on 1 January 2023. The regulation was adopted at the IMO despite attempts by the industry to point out the potential pitfalls of the CII formula.

With the requirements for CII certification coming into effect on 1 January 2023, three Reed Smith shipping lawyers explain the BIMCO CII Clause for Time Charters.