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.

Want to stay up to date?

Register for updates about market analysis

Filter news
Clear Filters
Clear all type filters

January 2016

The shipping market in 2015 and looking forward

2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome, and we saw a significantly lower level of growth for global GDP in 2015 than in the previous five years. This was primarily due to the struggling emerging markets and developing economies, led by changes in China’s economic focus.

December 2015

Not younger than 18 years, unless…

International dry bulk shipowners seem only to scrap ships aged 18 years or older. While a couple of Chinese owners have scrapped ships that were even younger than that...

Despite tempting newbuilding prices, contracting in dry bulk remains low

The current newbuilding prices for dry bulk ships has dropped so much, that they are now at the lowest level since 2003. As they have just passed the lows of 2012 heading downwards.

October 2015

Tanker Shipping: More optimism in sight for tankers in the winter season

2015 has been the year of the tanker. The fundamental improvements with slow supply-side growth for some years coupled with low oil prices from mid-2014 created strength on both sides.

Dry Bulk Shipping: Markets are slowly improving from a very low level as the demand side falters

The shipping market and underlying profitability can only improve if the fundamental conditions (supply and demand) also improve. Therefore transportation of larger volumes, longer sailing distances in general or a lower increase of dry-bulk fleet size is a prerequisite for better markets to arrive.

Container Shipping: Low demand on high-volume trades weighs down as supply rises

2015 will see a new record inflow of newbuilt tonnage. BIMCO forecasts close to 1.6 million TEU will be delivered by the end of 2015. This marks the highest inflow of new capacity ever.

Macro Economics: Demand supported by EU and US while China is creating uncertainty

All eyes are on China in recent months as most other non-Chinese economic indicators have been dwarfed by the government’s actions and markets’ reactions. It is all of the things that we don’t know about the Chinese economy that is worrying, not the fact that the economy is in a transition phase which inevitably will drive down GDP growth and change import and export patterns.

Interview with Chief Shipping Analyst at BIMCO, Peter Sand by Gibraltar Shipping

Peter talks to Gibraltar Shipping providing more insight on his role and views on current shipping trends.

September 2015

Is the lack of demand for containerships a manageable challenge?

The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry.

August 2015

Is China’s steel exports enough to support the freight market?

No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market.