BIMCO

BIMCO introduced Covid-19 crew change clause

Even though travel restrictions are beginning to ease, there are still restrictions in many countries impacting on crew changes. International shipping association BIMCO has therefore produced a special Covid-19 crew change clause for time charter parties designed to give owners the liberty to deviate for crew changes under tightly defined circumstances. It also provides an …

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BIMCO downgrades global container shipping outlook

Copenhagen, Denmark – The Baltic and International Maritime Council (BIMCO) has revised its outlook for container shipping demand in 2020 from low global demand growth to negative demand growth for the full year. According to BIMCO’s revised forecast, container shipping freight rates are now expected to go down to loss-making levels as the coronavirus pandemic …

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