Market analysis

BBC World Podcast - Update: Oil tanker transport costs rise

BIMCO’s Chief Shipping Analyst, Peter Sand, featured in BBC’s World Business Report, to describe recent disruptions and surges in freight rates of the oil tanker market.

Click here to access the podcast

BIMCO's Sand: Companies are rushing to secure their cargo shipments no matter the price

Peter Sand of BIMCO discusses what's driving the tremendous spike in global tanker shipping rates on CNBC.

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May 2016

BIMCO says dry bulk recovery will be multi-year effort, in an interview with "Akti Miaouli"

In an exclusive interview with “Akti Miaouli” newspaper, BIMCO Chief Shipping Analyst, Peter Sand, provides insight into the markets for dry bulkers, tankers and containerships in 2016 and what to expect going forward.

March 2016

BIMCO: "Dry bulk shipping fleet will grow by 1.3% during 2016"

Read the latest interview with BIMCO’s shipping analyst Peter Sand in Hellenic Shipping News Worldwide.

Dry bulk contracting comes to a halt while demolition is on the rise

With 12 weeks of 2016 behind us, the dry bulk market is still looking bleak. As the current low demand for transportation of commodities continues, the market is doing what it can by scrapping old ships and restraining from ordering new ones.

February 2016

Best year ever for container imports on the US East Coast

2015 was a busy year for container traffic on the eastern coast of the US. 7.9 million TEU of loaded containers entered the US East Coast in 2015, a 12.6% increase - compared to 7 million in 2014.

Six new VLCCs marks the start of a busy delivery year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe.

Demolition age drops as the dry bulk market enters another challenging year

The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions. 2016 has shown no improvements so far and prospects for the rest of the year are not looking promising. With poor earnings across the board the average scrapping age has dropped among all the dry bulk segments.

January 2016

Tanker Shipping: Still a strong market as demand stays high

One of the most characteristic developments in 2015 was the declining price of crude oil during the second half of the year. Brent crude oil dropped from USD 57 a barrel (bbl.) on 1 July to hit USD 37 a bbl. on the last trading day in 2015.

Container Shipping: A difficult market is helped along by low supply growth in 2016

Overall, container volumes being moved around the world have grown by an average GDP-to-trade multiplier of just 1.1 since 2010 and we expect this to continue in coming years. With IMF expecting GDP growth of 3.4% in 2016, this translates into container demand of 3.5-4%.

Dry Bulk Shipping: A miserable start to a new year, where the market struggles to grow at all

The global production of steel dropped in 2015 compared to 2014, to a larger extent outside China, as China exported its surplus of steel to destinations across the globe; it is too complex to single out whether this is positive or negative for the seaborne dry bulk transport demand.

Macro Economics: Uncertainty in Asia echoes around the world

2016 continues where 2015 ended, with all eyes on China. This is mainly because of uncertainty surrounding the development of the world’s second-largest economy. When the first day of the Shanghai Stock Exchange of 2016 closed prematurely, the trading results echoed around the world. It warned us that we are in for a rough ride in 2016.