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Market analysis

The shipping market in 2016 and looking forward

Fleet growth squeezes crude oil tanker market

Shorter sailing distances limit upside of two-year high Chinese coal imports

Tonne-miles from US coal exports halved over 3 years

January 2017

The shipping market in 2016 and looking forward

The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.

December 2016

BIMCO Chief Shipping Analyst to speak at the INTERCEM Shipping Forum 2017 – BIMCO member discount available

BIMCO’s Chief Shipping Analyst Peter Sand will be speaking at the INTERCEM Shipping Forum, 2017 in Marseille, France on 23-24 January 2017. It is the 6th dedicated Shipping Forum targeted at the global cement and shipping community.

Fleet growth squeezes crude oil tanker market

This analysis explains the recent history, updates you on the current state and displays future changes for crude oil tankers.

Tonne-miles from US coal exports halved over 3 years

Since Q1 2013, the significance of US coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009. This is due to the long-haul routes carrying coking coal from the US East Coast and US Gulf Coast to East Asia not operating to the same extent and the EU is demanding less thermal coal. 

November 2016

Shorter sailing distances limit upside of two-year high Chinese coal imports

Australia and Indonesia, being the main exporters of coal to China, are growing their market share at the expense of longer haul exporters like the US and South Africa.

Record containership demolition exceeds 500,000 TEU

Containership demolition reach all time high and provides a positive surprise for the struggling container shipping industry.

October 2016

Update on the “road to recovery" for the dry bulk market: improvement on the demand side only but the supply side is worse off

Back in May, BIMCO disclosed a projected “road to recovery” for the dry bulk shipping industry. The main message back then on what the dry bulk sector must do to return to profitability was, and still is: “Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market”.

Demolition activity slowly but steadily grows…yet again

Global demolition activity rose in the first nine months of 2016 in comparison to the same period of 2015, by 16%. Showcasing shipping industry action, to counter the imbalance between supply and demand in the market.

UK seaborne coal import plunges 64% as a worrying trend lurks 10 Oct. 2016

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

BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation for the new report follows the conclusion of BIMCO’s previous analysis – that due to the severity of the current crisis the sector can only return to profitability in 2019 if shipowners deliver “zero supply side growth”, year on year.