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May 2021

Oil product tanker demolition on track to break 11-year record

In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken.

Join BIMCO for new episodes of “The Shipping Markets Checkpoint”

In response to the numerous challenges arising in the face of the Covid-19 pandemic, BIMCO launched a webinar series in the autumn of 2020. The series offer insight from industry experts who join the webinars to share their knowledge and debate what lies ahead for  commercial shipping markets.

April 2021

High-sulphur fuel oil sales rebound after pre-IMO 2020 correction

In the first quarter of 2021 high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world's largest bunkering hub.

Longer sailing distances cushion fall in US crude oil exports

Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020.

Pieces of the changed Eastern coal market puzzle fall into place

The Chinese ban on coal imports from Australia has shaken up coal trades in the east.

March 2021

Imbalance on transpacific trade increases even as surge in US imports eases

The year 2021 has started in much the same way as 2020 ended for US container imports; import volumes are still surging.

China’s one-sided recovery drives iron ore market back up

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China.

2021 crude oil tanker demolition stalls as second-hand prices win

Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year.

February 2021

Container shipping: continued disruption will ensure carrier profitability well into 2021

After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve, allowing carriers to profit from high freight rates, and tonnage providers to enjoy lofty charter rates.

Tanker shipping: a tough year ahead as virus mutations and slow vaccine rollout hampers recovery

After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments.