Market analysis

S&P Global Platts insight conversation with Peter Sand

Peter Sand, chief shipping analyst at BIMCO, talks to Alex Younevitch, managing editor for EMEA shipping at S&P Global Platts, about the container market and the challenges that it is facing from the escalating US-China trade war, the upcoming IMO 2020 regulation, and tonnage oversupply.

Iran sanctions and the oil market

 
Peter Sand talks about Iran sanctions and the oil market from CNBC.

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October 2017

Meet BIMCO’s team at The Asian Logistic and Maritime Conference 2017

BIMCO’s Chief Shipping Analyst Peter Sand will moderate the “Dry Bulk Market Outlook: Sustaining Cautious Optimism for Calmer Waters” panel discussion, scheduled for 23 November at 16:00-17:30. Peter Sand will be joined by Burak Cetinok, Head of Research at Arrow Shipbroking Group and Angad Banga, Chief Operating Officer at The Caravel Group. 

Meet the BIMCO President and team at the Maritime Cyprus 2017 conference

BIMCO’s President Anastasios Papagiannopoulos will moderate the “Smart Shipping” panel discussion, scheduled for 10 October at 11:45. The panel will discuss novel ship design, cyber security and digitalisation – all key issues with a specific bearing on the future. 

September 2017

Meet BIMCO’s Chief Shipping Analyst at The Maritime CIO Forum in Rotterdam

BIMCO’s Chief Shipping Analyst Peter Sand will deliver the closing keynote speech, “What is happening in the shipping markets” at Digital Ship’s 4th Annual Maritime CIO Forum in Rotterdam on 26 September 2017, at the Hilton hotel in Rotterdam, The Netherlands.

Shipping outlook webinar

Shipping industry outlook webinar, hosted by Andrew Mina Assistant Manager, Training at BIMCO and presented by Peter Sand Chief Shipping Analyst at BIMCO.

August 2017

Container shipping: Solid demand growth reduces spot rate volatility

As freight rates are coming back from the abyss, their actual rise seems to be magnified beyond their actual performance. Some container spot freight rates are up more than 100% from the very low levels of last year, but may still be at a loss-making level now and so spot rates are not the best indicator for market profitability.

Macroeconomics: Labour market tightens but inflation remains subdued around the globe

BIMCO reported in our previous macroeconomics report in April 2017 that monthly indicators were showing a strengthening in the global economy. The firm growth dynamics in advanced economies have now, four months later, had a cascade effect on some emerging markets and developing economies (EMDE). This solid growth has sparked an appetite for EMDE assets and indicates that the market expects a pickup. 

Dry bulk shipping: strong demand improves market as it exceeds high fleet growth

Since early July, the capesize rates have gone up and up. By mid-August, they had reached a breakeven level to become profitable. BIMCO estimates that a capesize ship on average fleet financing and operational cost levels, turns profitable when rates are above $15,300 per day.

Tanker shipping: All eyes on oil market rebalancing – is it happening or not?

The global tanker industry is directly linked to the global oil industry. Right now, demand for seaborne transport of oil is below normal and fleet growth is high, which means that the fundamental balance is uneven. The result is declining tanker earnings with the main culprit being the fast-growing fleet.

BIMCO webinar on shipping industry outlook

BIMCO invites you to join a free webinar discussing the latest outlook for the shipping industry.

US coal export rebounds to support the improvement of the dry bulk shipping industry

US seaborne coal exports are up 57% in total volume and 61% in terms of tonne-miles for the first five months of 2017 compared to the same period last year. If US coal exports remain high throughout 2017 it will have a solid effect on the global seaborne coal trade and support the overall improvement in the dry bulk shipping industry.