Market analysis

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.

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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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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September 2016

Macro Economics: Surprising Europe and Stable China eases the economic uncertainty 5 Sept. 2016

Finally, we can conclude that a one-sided focus on monetary expansion handled by central banks is not enough anymore.

Tanker shipping: The expected negative change of market balance is taking its toll 5 Sept. 2016

Demand. Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen...

Dry Bulk Shipping: Poor freight rates despite strong demand growth from China

Demand. The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary. But, putting it into perspective, compared to the devastating freight rate levels over the same period, it highlights that something is very wrong in the dry bulk market. The market is nowhere near balanced.

June 2016

Substantial demolition of panamax containerships

Demolition of containerships almost tripled in the first 5 months of the year 2016 in comparison to the same period of last year.

Oil product tankers earnings decline as stockbuilding slows down

BIMCO’s expectations remains as the oil product tanker fleet continues to grow, with earnings at the lowest since Q3 in 2014.

"Road to Recovery Report" - interview with BIMCO Chief Shipping Analyst

BIMCO's Chief Shipping Analyst, Peter Sand, in a video interview talking about the recently published "Road to Recovery" analysis of the dry bulk market.

May 2016

BIMCO President speaks on the “road to recovery” for the dry bulk market

“Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market” BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market analysis

BDI conducts the demolition activity

The Baltic Dry Index (BDI)’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt.

Containership fleet on the brink to break through the 20 million TEU barrier

BIMCO expects the container shipping fleet to break through the 20 million TEU barrier shortly.

Macro Economics: Continuing low GDP growth reduces output, demand and investments

On 12 April 2016, the International Monetary Fund (IMF) released its updated World Economic Outlook stating that future economic prospects are now so poor that an immediate, proactive response is called for.