Market analysis

The commercial aspects that matter to the future shipping industry

Peter Sand provides his take on the commercial aspects that matter to the future shipping industry at the Slide2Open Shipping Finance Conference on 30 January 2020

BIMCO Analyst: Phase one deal will deliver both trade creation and trade diversion

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Peter Sand, chief shipping analyst at BIMCO, talks the economic implications of the US-China phase one trade deal on CNBC.

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November 2019

Macroeconomics: World growth and trade volumes under pressure, but still positive

A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.

Tanker shipping: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap

BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance.

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?