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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March 2020

US seaborne exports slow as the trade war takes hold

Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world adjusts to the new reality.

BIMCO to offer insight on coronavirus impact on shipping markets

Amid massive market uncertainty, BIMCO has analysed the potential implications of a pandemic for the commercial shipping markets and Chief Shipping Analyst, Peter Sand, will deliver the insights in a string of webinars in the coming weeks. 

The shipping industry is not immune to a pandemic

The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent?

BIMCO revises 2020 forecast for main shipping markets

The coronavirus pandemic is impacting global shipping demand for 2020 negatively.

US-China "Phase One" agreement fails to boost January volumes

Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January.

Capesize remains submerged in the depths of despair

While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America.

February 2020

Container shipping: carriers struggling with higher fuel costs face little support from market fundamentals

Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 sulphur cap compliance. Fleet growth is lower then last year, but still too high compared to demand growth.

Dry bulk shipping: seasonality, higher fuel costs, and coronavirus disruption behind poor start to new decade for dry bulk earnings

The fundamental balance will continue to deteriorate in 2020, offering little support to operators hoping to pass on higher fuel costs, caused by the sulphur cap, to shippers.

Macroeconomics: clear risks to global growth in 2020

 Strengthening global growth could be derailed by a range of factors this year, including the coronavirus outbreak and a further escalation of trade tensions across the world.

Tanker shipping: freight rates drop as strong seasonality fades and high fleet growth and coronavirus uncertainty hits

High fleet growth in 2019 and the coronavirus in China are clouding the outlook for 2020, despite the expected lower fleet growth.