Market analysis

 

The Shipping Markets Checkpoint: Threats and opportunities in a COVID-19 world

For the first webinar in the series ‘ The Shipping Markets Checkpoint: Threats and opportunities in a COVID-19 world’ BIMCO has invited Randy Giveans, Senior Vice President Equity Researcher at Jefferies to discuss recent developments together with BIMCO’s Chief Shipping Analyst, Peter Sand. 

The two shared their insights regarding the current events dominating the dry bulk and tanker markets as well as their views on what the future may bring for the two markets.

BIMCO Market Analysis Webinar 2020 Q3

After the sharp and sudden shock of the pandemic, the economic recovery has begun and it is clear that it will be drawn out and uneven, both geographically and by sector. Huge stimulus packages have so far been enough to prop up some parts of the economy. However, these are not magic pills, and, with the virus still spreading, a global recovery is some way off,” Peter Sand writes in his analysis.

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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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May 2020

The collapse of the oil and bunker fuel markets in early 2020

The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.

Why should I pay any attention to spot container freight rates?

Despite lower volumes being fixed in the spot market, it is key to tracking developments in the container shipping market, as it quickly responds to the changing situation and adjustments to demand and supply.

April 2020

Three out of five converted VLOCs are no longer operating

Converted Very Large Ore Carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market.

Overcapacity and low demand growth set the tone in the 2010s

The benefits of strong demand growth in the 2010s were limited by faster supply growth.

OPEC+ production cuts will end profitable crude oil tanker journeys

Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per day (m/bpd) to reduce the massive production overhang and set a price floor to limit the fall in oil prices.

BIMCO members access to a wide range of shipping market analysis and reports

An overview of the reports and analysis available to BIMCO members.

BIMCO webinar: coronavirus pandemic effects on shipping markets

BIMCO will host the Perspectives and insights on shipping amidst a pandemic webinar on 14 April 2020. The free 1-hour webinar will touch upon how the coronavirus has impacted the commercial shipping markets and what the future may hold.

Coronavirus is disrupting the supply of ships as well as demand

The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out,  demand growth prospects for the year across all segments. The outbreak has also affected fleet development.

As oil prices plummet, crude oil tanker time charter rates skyrocket

Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared.

March 2020

US seaborne exports slow as the trade war takes hold

Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world adjusts to the new reality.