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.

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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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April 2015

Chinese slowdown confirmed in Chinese and IMF data

The Chinese economy grew by 7.0% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years. Growth during the quarter was strongest in the industrial sector (6.4%) and the service sector (7.9%), whereas the primary sector (3.2%) contributed to a lesser extent.

Container ship freight rates fall on declining Chinese exports

Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.

HSN Interview: Worst is over for the dry bulk market, but the pain will remain

The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all ship classes expected to cover their operating costs by May. Meanwhile, demolition activity isn’t enough, at least thus far, to offset oversupply of tonnage in the dry bulk market.

March 2015

China’s manufacturing sector is struggling to keep up pace

Data released today on the condition of the Chinese manufacturing sector points towards weaker business conditions. HSBC/Markit China Manufacturing Purchasing Managers’ Index (PMI) is coming down from a seven-months high in February ...

Tanker Shipping - Stronger tanker markets prolonged on strong fundamentals

Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings.

Container Shipping - Striking the balance is tough when everyone wants to get “back into the black”

The labour conflict that caused a widespread and highly disruptive strike and subsequent congestion in most US West Coast ports, especially for the container shipping industry ended toward the end of February.

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.