- UK seaborne coal import plunges 64% as a worrying trend lurks
The main exporters of thermal coal for coal- fired power plants to the United Kingdom (UK) have experienced a heavy decline in seaborne cargo volumes in 2016. This comes as a result of the UK starting a concerning trend for the dry bulk shipping industry, by close to doubling its Carbon Price Floor (CPF).
- BIMCO launches new analysis on the wider impact of the dry bulk crisis
Conclusions cover: consolidation, greater focus on risk management and higher finance costs:
- Lowest level of newbuilding contracts in 20 years
The shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets
- Tanker shipping: The expected negative change of market balance is taking its toll
Demand. Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen...
- Macro Economics: Surprising Europe and Stable China eases the economic uncertainty
Finally, we can conclude that a one-sided focus on monetary expansion handled by central banks is not enough anymore.
- Container Shipping: Severe overcapacity in the market and recently agreed contract rates...
Severe overcapacity in the market and recently agreed contract rates on the transpacific trade lanes keeps pressure high on the liner companies.
- Dry Bulk: Poor freight rates despite strong demand growth from China
Demand. The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary. But, putting it into perspective, compared to the devastating freight rate levels over the same period, it highlights that something is very wrong in the dry bulk market. The market is nowhere near balanced.
- Meet BIMCO’s Chief Shipping Analyst in Athens at 5th Mediterranean Bunker Fuel Conference 2016
BIMCO's Chief Shipping Analyst will speak at the 5th Mediterranean Bunker Fuel Conference in December 2016.
- Substantial demolition of panamax containerships
Demolition of containerships almost tripled in the first 5 months of the year 2016 in comparison to the same period of last year.
- Oil product tankers earnings decline as stockbuilding slows down
BIMCO’s expectations remains as the oil product tanker fleet continues to grow, with earnings at the lowest since Q3 in 2014.