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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March 2020

BIMCO to offer insight on coronavirus impact on shipping markets

Amid massive market uncertainty, BIMCO has analysed the potential implications of a pandemic for the commercial shipping markets and Chief Shipping Analyst, Peter Sand, will deliver the insights in a string of webinars in the coming weeks. 

The shipping industry is not immune to a pandemic

The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent?

BIMCO revises 2020 forecast for main shipping markets

The coronavirus pandemic is impacting global shipping demand for 2020 negatively.

US-China "Phase One" agreement fails to boost January volumes

Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January.

Capesize remains submerged in the depths of despair

While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America.

February 2020

Dry bulk shipping: seasonality, higher fuel costs, and coronavirus disruption behind poor start to new decade for dry bulk earnings

The fundamental balance will continue to deteriorate in 2020, offering little support to operators hoping to pass on higher fuel costs, caused by the sulphur cap, to shippers.

Container shipping: carriers struggling with higher fuel costs face little support from market fundamentals

Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 sulphur cap compliance. Fleet growth is lower then last year, but still too high compared to demand growth.

Macroeconomics: clear risks to global growth in 2020

 Strengthening global growth could be derailed by a range of factors this year, including the coronavirus outbreak and a further escalation of trade tensions across the world.

Tanker shipping: freight rates drop as strong seasonality fades and high fleet growth and coronavirus uncertainty hits

High fleet growth in 2019 and the coronavirus in China are clouding the outlook for 2020, despite the expected lower fleet growth. 

Global shipping holds its breath as the coronavirus continues to spread

The outbreak of the novel coronavirus, recently dubbed COVID-19, continues to generate massive economic and financial uncertainty when it comes to China and global shipping.