- Meet BIMCO's Market Analyst at Singapore Ship Finance Forum 2015
Peter Sand, Chief Shipping Analyst at BIMCO, will be speaking at the upcoming Marine Money Ship Finance Forum in Singapore.
- Is China’s steel exports enough to support the freight market?
No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market.
- Meet BIMCO Market Analysis at Maritime Cyprus 2015
BIMCO’s Chief Shipping Analyst, Peter Sand will be one of the panellists at this year’s Maritime Cyprus Conference. Taking place in Limassol, Cyprus on the 13-16 September 2015.
- Troubled dry bulk market faces further turmoil as Chinese coal imports remain weak
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest importer of coal this year.
- A new record year in dry bulk demolition under way?
The preliminary amount of dry bulk tonnage being demolished during the first half of 2015 is 20 million DWT. So could we be heading for a new demolition record level in 2015?
- Baltic Dry Index climbs to an all year high
The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI).
- Dry Bulk Shipping: Lowest fleet growth in 10 years may not prove enough as demand quickly evaporates
The market conditions are devastating and volume growth in 2015 on key trades is negative. The lack of coal imports into China is taking centre stage, and lost volumes are difficult to make up elsewhere.
- Macro Economics: Shipping is faced with a positive, yet complex and changing macroeconomic landscape
The global macroeconomic scene has become more volatile, with prominent factors such as oil prices and global currencies causing a commotion.
- Container Shipping: Spot rates in a sink hole, while charter rates for smaller containerships soar
The demand situation is developing a tad slower than what the market had anticipated. After the expected dip around Chinese New Year (February), volumes have failed to pick up markedly.
- Tanker Shipping: Still strong market with continued positive prospects especially for crude
Earnings for both crude oil and oil product tankers continues to go from strength to strength. Overall, the lower crude oil prices are supporting refinery margins. This accelerates crude oil throughput and increases demand for transportation of feedstock to the refineries as well as transportation of the refined oil products thereafter.