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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August 2017

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.

June 2017

Dry bulk and tanker newbuild contracts 20% higher than 2016

BIMCO expected newbuild activity to pick up, so the recent development is not surprising. It is however not what the industries needs.  As the dry bulk -, crude oil - and oil product tanker shipping sectors are all struggling with very low freight rates, it is important that the recent development in contracting activity reflects a short-term trend.

BIMCO in Bloomberg Intelligence webinar: Container liner industry outlook

BIMCO’s Chief Shipping Analyst Peter Sand will be speaking at the Bloomberg Intelligence (BI) Webinar on 29 June 2017 at 16:00 CEST.

The vintage converted VLOC's still make economic sense

There are few purely economic incentives to demolish VLOC’s converted from VLCC’s, as they have secured freight rates and employment on long-term time charter contracts a long time ago. There is also no incentive to sell your ship for immediate profit, as the value of a converted VLOC currently in service, is the same in the secondhand market as the demolition market. 

May 2017

BIMCO on Bloomberg Intelligence Webinar

BIMCO’s Chief Shipping Analyst Peter Sand, will be speaking at the Bloomberg Intelligence (BI) Webinar on 23 May 2017 at 10:30 (15:30 GMT).

BIMCO presents the latest market analysis in the shipping industry at CrewConnect Europe 2017

Meet BIMCO's Chief Shipping Analyst Peter Sand and BIMCO's Deputy Secretary General Lars Robert Pedersen at CrewConnect Europe 

Upbeat crude oil tanker demolition goes against general trend

January struck an upbeat tone for demolition in all sectors, but the overall pace of fleet renewal, via demolition, has slowed down since then.