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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November 2019

IMO2020: Market uncertainty brings more fuel oil price volatility

The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.

Fuel spread now available for 32 ports on BIMCO website

BIMCO members can now monitor the price spread between Marine Gas Oil Low Sulphur and 380 centistoke High Sulphur Fuel Oil in 32 different ports around the world with daily information supplied by MABUX.

October 2019

BIMCO to present shipping market insights in Hong Kong

BIMCO will offer market insights at the inaugural Capital Link Hong Kong Maritime forum and at the Asian Logistics and Maritime conference.

Tanker deliveries are soaring as demolitions hit decade-lows

Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before.

BIMCO's Peter Sand to offer container market insight in Athens

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on 27 November 2019 in Athens, Greece.

BIMCO launches interactive graphs showing bunker fuel spreads

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members here.

Shipping industry more hurt by developments in soya bean trades this year than last

Combined soya bean exports from Brazil and the US are down 7.8% in the first eight months of this year, as the main Brazilian soya bean export season disappointed. 

September 2019

Meet BIMCO’s Chief Shipping Analyst at the Argus Fuel Oil Summit 2019 in Miami, Florida, US

Join Peter Sand at the Argus Fuel Oil Summit in Miami, Florida, US. The Chief Shipping Analyst will be participating in the panel discussion: 2020 is rapidly approaching – are shipowners prepared?

Dry bulk: Rates may have climbed out of the abyss, but challenges remain in place for the autumn

BIMCO expects the fundamental market balance to deteriorate in 2019 which will do nothing to improve freight rates as the 2020 sulphur cap nears.

Tanker Shipping: A boost from the 2020 sulphur cap will not make up for a fast-growing fleet.

Even with the sulphur cap expected to give a boost to the tanker market, high fleet growth will put pressure on earnings.