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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September 2018

Shipping is increasingly caught in the trade war line of crossfire

The shipping industry is trapped between a rock and a hard place in an already troubled market.

Dry Bulk Shipping: An improving market, even as iron ore imports slip and the fleet grows faster.

When profits finally arrive, everyone breathes a sigh of relief. Several years of very bad markets have come to an end, but how do we retain the profitable freight rates?  

Container Shipping: it is obviously very difficult to hold down fleet growth to improve the market.

The capacity of the fleet is growing too fast for the demand to cope with it. All three aspects of the supply side have pushed up the fleet growth – in nominal as well as active terms.

August 2018

Tanker shipping: A record poor tanker market with a growing fleet is prolonging the crisis

The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October.

Macroeconomics: Regional and global disputes heighten uncertainty and kill optimism and trade growth

Starting a trade war is bad for everyone, and shipping is right in the eye of the storm. Adding a new sanctions regime involving the US and Iran is putting another layer of stress on a shipping industry that is struggling to generate profits. Not surprisingly, the IMF’s estimate for world trade volumes was adjusted downwards for both 2018 and 2019 in July.

Meet BIMCO’S Chief Shipping Analyst in Hamburg

BIMCO’s chief shipping analyst will be participating at the Container Trade Europe Conference on 18-20 September 2018 in Hamburg.

July 2018

A historically bad crude oil tanker market struggles to find solid support

2018 has been absolutely horrible for the crude oil tankers with freight rates and the fleet utilisation rate falling to a record low level.

Overview of the trade war and the effect on shipping

The trade war adds painful uncertainty for the shipping industry, as it distorts the free flow of goods, changes trade lanes and makes it difficult for ship operators and owners to position their ships efficiently in the market.

June 2018

US firing shots at allies as exemption of EU, Canada and Mexico ends

Months of uncertainty about the potential exemptions of the EU, Canada and Mexico’s exports of steel and aluminium to the US have ended, and with a hard hit.

May 2018

Dry Bulk Shipping: No more room for newbuilds

The dry bulk shipping industry remains on the road to recovery, as demand continues to keep its nose just ahead of fleet growth, while scrapping and ordering remains subdued.