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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March 2015

Dry Bulk Shipping - After all-time low Baltic Dry Index (BDI), stronger volumes in Q2 are likely to support the freight market

How bad can a market be? Extremely bad if you look at the dry bulk shipping market since early December 2014.

Macro Economics - Growth improving in the advanced economies while the emerging and developing are losing some steam

Global economic activity is once again at the centre of attention as the shipping industry looks for guidance on the overall future demand.  

February 2015

An eventful year for containerships in a volatile demolition market

2014 turned out to be a very hectic year for the demolition market and it became clear just how volatile the market really can be. Previous experiences tells us the end of the year is usually one of the busiest moments for scrapyards, however in 2014 this effect was washed out by declining demolition prices.

Suez Canal providing respite for the shipping industry

Whereas the slow pace of recovery of the global economy fails to ease the pain in the global shipping industry significantly, the “no increase of Suez Canal tolls” announcement by the Suez Canal Authorities is a welcome easing.

January 2015

No respite for shipping from the slow growth of the global economy

Limited economic growth potential and the slow pace of recovery of the global economy is only easing the pain in the global shipping industry to some degree...

BIMCO on Bloomberg Intelligence Webinar - Playback Video

Bloomberg intelligence held a webinar with BIMCO’s Chief Shipping analyst Peter Sand and Jonathan Chappell from Evercore ISI on 8 January 2015. If you were not able to be part of it you can watch the playback video via the link below.

The shipping market in 2014 and looking forward

2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat differently.

December 2014

How will lower bunker prices affect the substantial overcapacity in the dry bulk market?

As bunker fuel costs have come down from USD 600 per tonne to USD 330 per tonne over the past 6 months, there has been much talk about increased ship speeds. Some single voyage or single company estimates aim at supporting the reintroduction of higher speeds to generate higher revenue and potentially higher earnings. In reality, some of them may actually prove able to deliver on the promise.

Chinese Flash PMI contracts and oil price slide continues

The Chinese manufacturing sector is set to contract in December, breaking the six-month expansion streak that has been going since April. The HSBC flash PMI (Purchasing Manager Index) compiled by Markit dropped to 49.5, down from 50.0 in November.

Dry Bulk Shipping - A reduced orderbook is improving slightly on a difficult situation

Rates have struggled all year to beat last years’ performance, and failed miserably to do so beyond Q1, with the exception of Capesizes that managed to deliver stronger freight rates in Q2 also.