Market analysis

The Shipping Markets Checkpoint: Threats and opportunities in a COVID-19 world

For the first webinar in the series ‘ The Shipping Markets Checkpoint: Threats and opportunities in a COVID-19 world’ BIMCO has invited Randy Giveans, Senior Vice President Equity Researcher at Jefferies to discuss recent developments together with BIMCO’s Chief Shipping Analyst, Peter Sand. 

The two shared their insights regarding the current events dominating the dry bulk and tanker markets as well as their views on what the future may bring for the two markets.

BIMCO Market Analysis Webinar 2020 Q3

After the sharp and sudden shock of the pandemic, the economic recovery has begun and it is clear that it will be drawn out and uneven, both geographically and by sector. Huge stimulus packages have so far been enough to prop up some parts of the economy. However, these are not magic pills, and, with the virus still spreading, a global recovery is some way off,” Peter Sand writes in his analysis.

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Get analysis of the dry bulk, oil tanker and container markets. The BIMCO shipping market analysis team writes a mix of quick insight and deep analysis with a focus on the fundamentals: supply and demand.

 
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October 2020

Long-term freight rates to the US jump USD 550 in a day

After a period with short-term container freight rates reaching record highs on many of the major container shipping trades, long-term rates are now also experiencing a boost. Particularly long-term freight rates between the Far East and the US have jumped, copying the development in short-term contracts which have seen the increase in freight rates to the US (both coasts) outpacing the rise in spot rates to Europe.

Stalling Chinese coal imports are not due to trade tensions

Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory.

September 2020

US-China trade war reinforces change in Asia's manufacturing landscape

The peak season for containerised exports from Asia to the US is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year.

Top analysts discuss the COVID-19 world in “The shipping markets checkpoint” webinar series

BIMCO is launching a webinar series with analysts from the industry sharing their knowledge and views of the future of commercial shipping markets, in a response to recent postponements of on-site shipping conferences and events.

Dry bulk shipping: China's demand keeping the dry bulk market going

An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world.

Container shipping: capacity management key to carriers’ profitability as volumes falter

Despite lower demand because of the pandemic, carriers have achieved high freight rates and profitability in the first half of the year through large-scale capacity reductions and low bunker prices.

Tanker shipping: freight rates back at loss-making levels after 12 very profitable months

A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe.

Macroeconomics: a slow and uneven recovery awaits

After the sharp and sudden shock of the pandemic, the economic recovery has begun and it is clear that it will be drawn out and uneven, both geographically and by sector. Though China has returned to growth, most other countries are lagging behind.

Stunning comeback to Q2 agricultural exports nearly triple freight rates

As agricultural dry bulk commodities exports took a dive in the first quarter of this year and painted a gloomy picture for Panamax and Handymax freight rates, a stunning second quarter comeback have nearly tripled freight rates.

August 2020

Containerships overtake crude oil tankers as most scrubber-fitted sector

Containerships with a collective cargo carrying capacity of 5.3m TEU are now fitted with an exhaust gas cleaning system (scrubber) to remove sulphur oxides (SOx) from the exhaust gasses generated by the combustion processes in marine engines and thereby comply with the IMO 2020 global sulphur regulation which came into force on 1 January 2020.