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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August 2015

Troubled dry bulk market faces further turmoil as Chinese coal imports remain weak

The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest importer of coal this year.

July 2015

A new record year in dry bulk demolition under way?

The preliminary amount of dry bulk tonnage being demolished during the first half of 2015 is 20 million DWT. So could we be heading for a new demolition record level in 2015?

June 2015

Baltic Dry Index climbs to an all year high

The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI).

Tanker Shipping: Still strong market with continued positive prospects especially for crude

Earnings for both crude oil and oil product tankers continues to go from strength to strength. Overall, the lower crude oil prices are supporting refinery margins. This accelerates crude oil throughput and increases demand for transportation of feedstock to the refineries as well as transportation of the refined oil products thereafter.

Dry Bulk Shipping: Lowest fleet growth in 10 years may not prove enough as demand quickly evaporates

The market conditions are devastating and volume growth in 2015 on key trades is negative. The lack of coal imports into China is taking centre stage, and lost volumes are difficult to make up elsewhere.

Container Shipping: Spot rates in a sink hole, while charter rates for smaller containerships soar

The demand situation is developing a tad slower than what the market had anticipated. After the expected dip around Chinese New Year (February), volumes have failed to pick up markedly.

Macro Economics: Shipping is faced with a positive, yet complex and changing macroeconomic landscape

The global macroeconomic scene has become more volatile, with prominent factors such as oil prices and global currencies causing a commotion.

May 2015

WMN Interview: Time for Carriers to Get Ahead of the Curve

The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, shipowners across the board seem to have a lot on their plates.

Busiest Capesize Demolition Market Ever!

The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.

April 2015

Strong tanker market extends peak season high earnings

In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008.