Market analysis

BIMCO IMO2020 sulphur webinar

Includes BIMCO’s Chief Shipping Analysis Peter Sand, who will focus on the changes occurring in the freight market, debating a range of issues including freight rates in USD per tonnes against the TCE quotes. Who pays what in the market? Non-scrubber-fitted ships being the benchmark ship but what does that mean to the ones with a scrubber on board?

The commercial aspects that matter to the future shipping industry

Peter Sand provides his take on the commercial aspects that matter to the future shipping industry at the Slide2Open Shipping Finance Conference on 30 January 2020

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March 2020

US seaborne exports slow as the trade war takes hold

Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world adjusts to the new reality.

BIMCO to offer insight on coronavirus impact on shipping markets

Amid massive market uncertainty, BIMCO has analysed the potential implications of a pandemic for the commercial shipping markets and Chief Shipping Analyst, Peter Sand, will deliver the insights in a string of webinars in the coming weeks. 

The shipping industry is not immune to a pandemic

The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent?

BIMCO revises 2020 forecast for main shipping markets

The coronavirus pandemic is impacting global shipping demand for 2020 negatively.

US-China "Phase One" agreement fails to boost January volumes

Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January.

Capesize remains submerged in the depths of despair

While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America.

February 2020

Container shipping: carriers struggling with higher fuel costs face little support from market fundamentals

Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 sulphur cap compliance. Fleet growth is lower then last year, but still too high compared to demand growth.

Dry bulk shipping: seasonality, higher fuel costs, and coronavirus disruption behind poor start to new decade for dry bulk earnings

The fundamental balance will continue to deteriorate in 2020, offering little support to operators hoping to pass on higher fuel costs, caused by the sulphur cap, to shippers.

Macroeconomics: clear risks to global growth in 2020

 Strengthening global growth could be derailed by a range of factors this year, including the coronavirus outbreak and a further escalation of trade tensions across the world.

Tanker shipping: freight rates drop as strong seasonality fades and high fleet growth and coronavirus uncertainty hits

High fleet growth in 2019 and the coronavirus in China are clouding the outlook for 2020, despite the expected lower fleet growth.