Market analysis

State of the Bunker Industry - Examining the Key Issues Stakeholders Face Today

This is not the post-2020 environment we expected. The event examined the key issues that marine fuel stakeholders from buyers to suppliers face today. How did we get here, and what can we expect in the months ahead? Is there any IMO 2020 hangover at all, or is the focus now only on dealing with the reality of new market dynamics and the changing economic landscape? Peter Sand, Chief Shipping Analyst, BIMCO provided the Shipowners' Perspective.

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Impact of COVID-19 on Future Shipping Demand with BIMCO's Peter Sand

From the drastic decrease in oil demand to lockdown in manufacturing, Peter provided an overview of the macroeconomic challenges being faced by individual shipping sectors and subsequently indicators of how the breakbulk and project cargo sectors are faring through the current pandemic. 

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Get analysis of the dry bulk, oil tanker and container markets. The BIMCO shipping market analysis team writes a mix of quick insight and deep analysis with a focus on the fundamentals: supply and demand.

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July 2020

The 2010s: a decade of market imbalance and ultra large container ships

Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis. 

June 2020

Oil product tanker S&P activity down 45% as new reality unfolds

Oil product tankers earnings have skyrocketed in the first half of 2020, while the Sale and Purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016.

Developments in the oil tanker market in the past decade dominated by geopolitics

Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets.

Suez Canal ship transits rise amidst the Covid-19 pandemic

Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the Covid-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year.

Container shipping industry hard hit by US lockdown

The coronavirus pandemic has shutdown much of the US economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape.

2016 déjà vu lurking as Baltic Dry Index lingers at lowest levels in decades

In yet another turn of extraordinary events, the Baltic Dry Index (BDI) is now hovering around the lowest level in at least 20 years.

May 2020

Dry bulk shipping: no quick recovery for the dry bulk market as Covid-19 digs deeper

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.

Container shipping: massive blanking of sailings has supported freight rates as demand collapses

The Covid-19 crisis has – and will continue to – hit the container shipping market hard, and the current economic situation provides no hope for a short-term recovery.

Tanker shipping: sky high freight rates replaced by reality of falling global oil demand

Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year.

Macroeconomics: global trade to suffer massive losses from Covid-19 related shutdowns

No V-shaped recovery in sight after the large-scale shutdown of economic activity and the virus posing a risk to globalisation.