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As adopted at the General Meeting in Athens, May 2019
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VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz.
As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
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.
Peter Sand talks about Iran sanctions and the oil market from CNBC.
June 2019
The tanker market is – even more so than before – all about geopolitics.
Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.
Economic growth around the world is slowing, and several governments – including Germany, China and South Korea – have announced stimulus packages to boost their economies.
May 2019
Despite increased demolition of Capesize ships, the size of the fleet is set to grow substantially.
April 2019
BIMCO’s Chief Shipping Analyst will be participating at the TOC Europe in Rotterdam on 18 June 2019.
Chinese imports of iron ore keep falling, while its crude steel production keeps growing.
US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes.
Exports to China rose in January, reaching 1.4 million tonnes, up from only 69,079 tonnes in December and accounting for 30.7% of total US soya bean exports in January.
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