Market analysis

State of the Bunker Industry - Examining the Key Issues Stakeholders Face Today

This is not the post-2020 environment we expected. The event examined the key issues that marine fuel stakeholders from buyers to suppliers face today. How did we get here, and what can we expect in the months ahead? Is there any IMO 2020 hangover at all, or is the focus now only on dealing with the reality of new market dynamics and the changing economic landscape? Peter Sand, Chief Shipping Analyst, BIMCO provided the Shipowners' Perspective.

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Impact of COVID-19 on Future Shipping Demand with BIMCO's Peter Sand

From the drastic decrease in oil demand to lockdown in manufacturing, Peter provided an overview of the macroeconomic challenges being faced by individual shipping sectors and subsequently indicators of how the breakbulk and project cargo sectors are faring through the current pandemic. 

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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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August 2017

Tanker shipping: All eyes on oil market rebalancing – is it happening or not?

The global tanker industry is directly linked to the global oil industry. Right now, demand for seaborne transport of oil is below normal and fleet growth is high, which means that the fundamental balance is uneven. The result is declining tanker earnings with the main culprit being the fast-growing fleet.

BIMCO webinar on shipping industry outlook

BIMCO invites you to join a free webinar discussing the latest outlook for the shipping industry.

US coal export rebounds to support the improvement of the dry bulk shipping industry

US seaborne coal exports are up 57% in total volume and 61% in terms of tonne-miles for the first five months of 2017 compared to the same period last year. If US coal exports remain high throughout 2017 it will have a solid effect on the global seaborne coal trade and support the overall improvement in the dry bulk shipping industry.

June 2017

Dry bulk and tanker newbuild contracts 20% higher than 2016

BIMCO expected newbuild activity to pick up, so the recent development is not surprising. It is however not what the industries needs.  As the dry bulk -, crude oil - and oil product tanker shipping sectors are all struggling with very low freight rates, it is important that the recent development in contracting activity reflects a short-term trend.

BIMCO in Bloomberg Intelligence webinar: Container liner industry outlook

BIMCO’s Chief Shipping Analyst Peter Sand will be speaking at the Bloomberg Intelligence (BI) Webinar on 29 June 2017 at 16:00 CEST.

The vintage converted VLOC's still make economic sense

There are few purely economic incentives to demolish VLOC’s converted from VLCC’s, as they have secured freight rates and employment on long-term time charter contracts a long time ago. There is also no incentive to sell your ship for immediate profit, as the value of a converted VLOC currently in service, is the same in the secondhand market as the demolition market. 

May 2017

BIMCO on Bloomberg Intelligence Webinar

BIMCO’s Chief Shipping Analyst Peter Sand, will be speaking at the Bloomberg Intelligence (BI) Webinar on 23 May 2017 at 10:30 (15:30 GMT).

BIMCO presents the latest market analysis in the shipping industry at CrewConnect Europe 2017

Meet BIMCO's Chief Shipping Analyst Peter Sand and BIMCO's Deputy Secretary General Lars Robert Pedersen at CrewConnect Europe 

Upbeat crude oil tanker demolition goes against general trend

January struck an upbeat tone for demolition in all sectors, but the overall pace of fleet renewal, via demolition, has slowed down since then.

April 2017

Dry bulk shipping: as the BDI moves higher, demolition activity weakens

What a rebound. After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates. This brought earnings into profitable levels for a couple of days, as the BDI passed 1,282 on 27 March 2017.