Perspectives on future dry bulk trends
14 April 2011Chief Shipping Analyst at BIMCO, Peter Sand, chaired and spoke this week at the 3rd European Dry Bulk Shipping Market Outlook Conference in Istanbul
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Chief Shipping Analyst at BIMCO, Peter Sand, chaired and spoke this week at the 3rd European Dry Bulk Shipping Market Outlook Conference in Istanbul
Normalisation of ship routings could cool dry bulk market
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world.
The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions. 2016 has shown no improvements so far and prospects for the rest of the year are not looking promising. With poor earnings across the board the average scrapping age has dropped among all the dry bulk segments.
In an effort to bring BIMCO owner-members operating with dry bulk cargoes together in an environment where they can learn from each other, BIMCO is launching its next new network – the BIMCO Dry Bulk Cargo Network.
Is it true that this is the first time dry bulk carriers have been taken out of the market since the start of the global recession in late 2008
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to work in China is not enough to support the market.
BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking at the Dry Cargo Conference taking place on 1-2 June 2017 at the RAI Exhibition and Convention Centre in Amsterdam, The Netherlands. Discounts for BIMCO members available.
The preliminary amount of dry bulk tonnage being demolished during the first half of 2015 is 20 million DWT. So could we be heading for a new demolition record level in 2015?
Solid demand picture in a stabilized market but a tsunami of ships are expected to be launched in 2010