- Container Shipping: Weak demand growth in Q1 increases pressure on the industry
The demand for container shipping is stalling at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade.
- Macro Economics: Continuing low GDP growth reduces output, demand and investments
On 12 April 2016, the International Monetary Fund (IMF) released its updated World Economic Outlook stating that future economic prospects are now so poor that an immediate, proactive response is called for.
- Tanker Shipping: Signs of weakness are appearing, but still money to be made
Our recommendation remains to balance your exposure to market by seeking a fixture in the time charter market.
- Dry Bulk Shipping: Improved freight rates despite continued fleet growth
On 10 February 2016, the Baltic Dry Index (BDI) hit 290. At that point, a bulk carrier regardless of its size, age and fuel-efficient qualities earned a time charter average of USD 2,417-2,776 per day.
- Meet BIMCO’s Chief Shipping Analyst at the Global Liner Shipping Conference in London
Chief Shipping Analyst at BIMCO, Peter Sand, will be speaking at the Global Liner Shipping Conference in London on 12-13 April 2016.
- Meet BIMCO’s Chief Shipping Analyst at Asia Pacific Maritime (APM) 2016 in Singapore
Chief Shipping Analyst at BIMCO, Peter Sand, will be speaking at the Asia Pacific Maritime (APM) 2016 in Marina Bay Sands, Singapore on 16-18 March 2016.
- Six new VLCCs marks the start of a busy delivery year
2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe.
- Demolition age drops as the dry bulk market enters another challenging year
The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions. 2016 has shown no improvements so far and prospects for the rest of the year are not looking promising. With poor earnings across the board the average scrapping age has dropped among all the dry bulk segments.
- Container Shipping: A difficult market is helped along by low supply growth in 2016
Overall, container volumes being moved around the world have grown by an average GDP-to-trade multiplier of just 1.1 since 2010 and we expect this to continue in coming years. With IMF expecting GDP growth of 3.4% in 2016, this translates into container demand of 3.5-4%.
- Tanker Shipping: Still a strong market as demand stays high
One of the most characteristic developments in 2015 was the declining price of crude oil during the second half of the year. Brent crude oil dropped from USD 57 a barrel (bbl.) on 1 July to hit USD 37 a bbl. on the last trading day in 2015.