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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February 2019

Dry Bulk Shipping: Uncertainty mounts against a backdrop of weaker growth in Chinese imports

Calling a market turnaround to perfection is pure luck. But scouting for pillars that would support a higher level of demand makes sense. First up is the next Brazilian soya bean export season.

Tanker Shipping: Geopolitics and overall fleet growth are the main drivers

The oil market is notoriously linked to geopolitics. Most recently, the political situation in Venezuela creates turmoil in the region and particularly affects crude oil exports. 

Container Shipping: The many pitfalls in the coming months will decide the fate of the year

European containerised imports look likely to be stuck with demand growth of no more than 2% for years to come. That means the long-hauls into northern and southern Europe, where Ultra Large Containerships are perfectly suited to reap the benefits of economies of scale, will suffer unless cascading is accelerated. 

Macroeconomics: Trade tensions and rising risks lead to slowing growth

The International Monetary Fund (IMF) has revised down its predictions for global growth in 2019 and 2020. It forecasts growth to be 3.5% in 2019 and 3.6% in 2020. This means a dampening of global growth over the next two years, as growth in 2018 is estimated to be 3.7% The slowdown will affect both advanced and emerging economies.

Trade war cease-fire is good news for the dry bulk sector

Following an almost total halt in exports of soya beans to China in the last quarter of 2018, the new year has brought new hopes for American farmers and the dry bulk shipping sector. 

January 2019

Chinese dry bulk imports showed signs of distress in 2018

Total imports of iron ore and soya beans were lower in 2018 than in 2017, down 1% and 7.9% respectively, and although imports of coal grew 3.7% in 2018, this was slower than the growth in 2017. 

US container imports break records but uncertainty lies ahead

Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017. 

December 2018

Only two Panamax bulkers demolished in 2018

2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with demolition in every ship segment down.

Reflections 2019: Global Shipping Scouts for Future Growth

This article contains extracts from BIMCO's Reflections 2019, which will be available in full on 2 January 2019 on www.bimco.org and will be sent out to all BIMCO members alongside thier free member copy of BIMCO's Holiday Calendar 2019.

Meet BIMCO’S Chief Shipping Analyst in Rome, Italy and Athens, Greece

BIMCO’s Chief Shipping Analyst will be participating at the INTERCEM Shipping Forum in Rome, Italy on 22 January 2019 and the Slide2Open Shipping Finance Conference in Athens, Greece on 24 January 2019.