Filter news
Clear Filters
Clear all type filters

Market analysis

Is the dry bulk industry still on track for profitability in 2019?

Dry bulk fleet exceeds 800 mill DWT as supply surges

Want to stay up to date

Register for updates about market analysis

March 2017

Meet BIMCO’s Chief Shipping Analyst at Dry Cargo Conference 2017

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Dry Cargo Conference taking place on 1-2 June 2017 at the RAI Exhibition and Convention Centre in Amsterdam, The Netherlands. Discounts for BIMCO members available.

Is the dry bulk industry still on track for profitability in 2019?

This recent lift in freight rates is certainly positive, but there is still work to be done on the supply side. A significant level of demolition activity must be maintained, and increasing focus must also be on keeping slow steaming around. Estimating a return to profitability in the dry bulk industry remains a moving target, and one that differs from one company to the next. But by projecting a course for profitability, everyone in the industry can use it as a reference.

Dry bulk fleet exceeds 800 mill DWT as supply surges

The dry bulk fleet exceeded 800 mill DWT in January 2017, as the dry bulk fleet grew by 2.6% year on year.  BIMCO’s Chief Shipping Analyst Peter Sand expects the dry bulk fleet to grow 1.6% for the full year in 2017, if the projected demolition activity of 19 mill DWT is realised.  The declining growth rate from the panamax, supramax and handysize segments was absorbed by a growing capesize fleet; the total fleet growth was stable in 2016. 

February 2017

Meet BIMCO’s Chief Shipping Analyst at Global Liner Shipping Conference 2017

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Global Liner Shipping Conference taking place on 15-17 May 2017 at the Kempinski Hotel in Hamburg, Germany.  

Meet BIMCO’s Chief Shipping Analyst at iShipping Copenhagen 2017

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Digital Ship iShipping Conference Copenhagen taking place on 1-2 March 2017 at the Scandic Hotel in Copenhagen, Denmark.

Record high crude oil tanker deliveries adds instant freight rate pressure

January 2017 already accounts for 22% of the crude oil tankers previous year’s total deliveries, due to tremendous VLCC delivery growth.

January 2017

Dry Bulk Shipping: Q4 provided optimism, Q1 will make sure we don’t get carried away

Iron ore provides 30% of the demand for the dry bulk market and, during 2016, its related tonne-mile demand went up by 6%. This was the key factor behind the overall demand side growth of 2.2%.

Tanker shipping: A strong season lifts crude oil tankers before it is expected to hit the fan in 2017

From a crude oil market perspective, 2016 can be summed up as “eventful”. In January, the international sanctions on Iran were lifted, resulting in a very swift increase of their oil production capacities and subsequent re-entry into the global oil export market.

Container shipping: Good prospects for market improvement if focus is kept on the supply side

As the lowest level of newbuild containership deliveries since 2004 was combined with record breaking scrapping levels, net inflow of capacity amounted to just 246,000 TEU – a growth rate of 1.2% - probably the lowest ever.

Macro economics: 2016 brings lowest GDP growth rate since financial crisis began

It will not be a surprise if we see another downward revision of GDP growth in 2017...