Market analysis

S&P Global Platts insight conversation with Peter Sand

Peter Sand, chief shipping analyst at BIMCO, talks to Alex Younevitch, managing editor for EMEA shipping at S&P Global Platts, about the container market and the challenges that it is facing from the escalating US-China trade war, the upcoming IMO 2020 regulation, and tonnage oversupply.

Iran sanctions and the oil market

Peter Sand talks about Iran sanctions and the oil market from CNBC.

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January 2017

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...

Container shipping lines earned 42 USD less per TEU in 2016

The container shipping lines received an average rate 7% (42 USD) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015. 

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

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 imports plunge 64% as a worrying trend lurks

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).